Employee Costs

Beta2

Hi

I'm looking at taking on an employee, and I was hoping someone here could let me know about the costs are involved.

If I want to pay someone 9 Euro an hour how much will that end up costing me, in terms of employers PRSI and other costs etc.

Thanks

B2

bravo

Its either 8% or 10.75% depending on the gross wages paid.
You need to check out the DSFA (Dept social & Family affairs) website for exact details

fintan

Also don't forget other costs, like employee insurance, manual handling / safe pass training etc

Vazelothir

When evaluating total overheads (inc. computers, desks, insurances, stationery, light & heat etc.) often an extra 40% to 45% of the base salary is used to estimate the total actual cost...

onedmc

And dont forget to add 13% to cover holidays and Bank Holidays. Then add PRSI etc

MrPudding

Vazelothir wrote:

When evaluating total overheads (inc. computers, desks, insurances, stationery, light & heat etc.) often an extra 40% to 45% of the base salary is used to estimate the total actual cost...

My old boss, a MBA no less, told me a common method of roughly working it out is to double the gross salary. Slightly over what you say but an easy aproximation.

Beta2

Thanks for all you advice.

I have one more question, does anyone have a rough idea how much rates on a retail unit are or how they are calculated

Cheers

B2

raxall

Vazelothir wrote:

When evaluating total overheads (inc. computers, desks, insurances, stationery, light & heat etc.) often an extra 40% to 45% of the base salary is used to estimate the total actual cost...

40%? damn thats expensive!

antoinolachtnai

rates are calculated based on the rateable value of the property multiplied by a factor which is decided by the council. The valuations office has an online database of property RV's if you search around for it. see for example http://www.sdublincoco.ie/index.aspx?pageid=66&deptid=6&dpageid=91