True Cost of an Employee Calculator

Use this calculator to find out the true cost of hiring a new employee. Factors in pension contributions, National Insurance, holidays, overtime, benefits & more.

Annual salary

Hours worked per week 40 hours

0 hours80 hours

Paid overtime hours per week 0 hours

0 hours20 hours

Holidays 28 days

28 days50 days

Including bank holidays.

Annual bonus

Employer NIC contribution 15%

0%20%

Private pension contribution 3%

0%15%

Estimated yearly additional employee expenses

Including everything from software, van, tools, licences, phone plans, fuel, etc.

Estimated cost of benefits

Gym memberships, private healthcare, etc.

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