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Employee Costs

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  • 26-04-2006 9:36pm
    #1
    Beta2
    Closed Accounts Posts: 199 ✭✭


    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


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    #2
    bravo
    Registered Users Posts: 233 ✭✭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


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    #3
    fintan
    Closed Accounts Posts: 647 ✭✭✭fintan


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


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    #4
    Vazelothir
    Closed Accounts Posts: 46 ✭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...


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    #5
    onedmc
    Registered Users Posts: 455 ✭✭onedmc


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


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    #6
    MrPudding
    Registered Users Posts: 9,788 ✭✭✭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.


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    #7
    Beta2
    Closed Accounts Posts: 199 ✭✭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


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    #8
    raxall
    Closed Accounts Posts: 19 ✭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!


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    #9
    antoinolachtnai
    Registered Users Posts: 9,787 ✭✭✭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


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