Employee Cost Calculator
Estimate the full monthly and yearly cost of an employee, and the cost per working hour.
- Annual cost
- —
- Cost per working hour
- —
An estimate. Confirm statutory contributions with your accountant or the official rules.
What is the Employee Cost Calculator?
The employee cost calculator estimates what an employee really costs a business, beyond the salary. It adds the employer contribution percentage you enter and monthly overheads, then shows the monthly cost, the annual cost and the cost per working hour.
How it works
Employer contributions equal monthly salary times the contribution percentage divided by 100. Monthly cost equals salary plus contributions plus overheads per employee. Annual cost is monthly cost times twelve. Cost per working hour equals monthly cost divided by the working hours in a month.
How to use it
- Enter the monthly salary.
- Enter the employer contribution percentage that applies in your case.
- Enter monthly overheads per employee, such as equipment and software.
- Read the monthly, annual and hourly cost.
Employee Cost Calculator — FAQ
Which contributions should I include?
Whatever your business pays on top of salary, such as provident fund and insurance. Check current rules; the percentage is yours to type.
What are overheads per employee?
Costs tied to having someone on the team: laptop, software licences, desk space, internet and training, spread per person per month.
Why does the tool start with 173 hours?
About 173 hours is a common monthly working-hour figure for a full-time role. You can change it to match your own working pattern.