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true cost for employer

  • 14-10-2008 9:16pm
    #1
    soontobesmokin
    Registered Users, Registered Users 2 Posts: 71 ✭✭


    Can anyone please tell me the true cost for an employer when paying their employee, for example,

    In the construction industry, a fully qualified craftsperson is paid approx. € 18.60/hour before tax. My question is what is the true cost for the employer ( per hour ) when you add on prsi payments, insurance, holiday pay , pension contributions, any employer contributions, does anyone know the true/final cost per hour?

    Thanks in advance, hope it makes sense.


Comments

  • #2
    keithm1
    Registered Users Posts: 167 ✭✭keithm1


    about 30 euros an hour


  • #3
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    In the construction industry, a fully qualified craftsperson is paid approx. € 18.60/hour before tax. My question is what is the true cost for the employer ( per hour ) when you add on prsi payments, insurance, holiday pay , pension contributions, any employer contributions, does anyone know the true/final cost per hour?

    Gross € 18.60

    Employers PRSI 10.75% =€ 1.99
    Holiday Pay is one and a half days a month. ((18.60 X 12) / 30)) €7.44

    Pension and Insurance depend on the policies in place. I'm not even going to hazard a guess and pension schemes are tax efficient anyway.


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