Other Employee-Related Costs

Here are some other employee-related costs: 

1. “Overhead” costs of office accommodation.  You will still have a certain amount of costs even if they work from home, such as phone call costs, an internet connection, travel and possible contributions to heating and lighting.
2. Depending on your business, cover for holiday, sickness and absence.
3. Initial training.
4. Ongoing training and development opportunities.
5. Insurance.
6. Payroll costs

Yet, after doing all of these things, you need to be prepared for the fact that one day, your new employee will probably leave you.  A job is rarely for life.