Employee Cost Calculator

How much does it really cost to employ someone?

This calculator accounts for all the hidden costs that can easily be overlooked
and reveals the true cost of an employee.

It will help you identify whether it could be more cost effective to outsource a job and reduce business costs.

You can download a FREE version of this calculator as an Excel file to save on your PC by clicking on the download link below, or use the on-screen version here

How to use this calculator

Replace the figures in the illustration with your own
(Only enter figures in the unshaded boxes)

You can change the descriptions of Benefits and Employee Specific Costs to suit your business

For part time employees, enter the annual pay and the number of hours worked per week

As you enter the costs that relevant to your business the true cost of an employee will be updated and shown in the results at the bottom