Here are some other employee-related costs:
“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.
Depending on your business, cover for holiday, sickness and absence.
Initial training.
Ongoing training and development opportunities.
Insurance.
Payroll costs
Yet, after [...]
On top of their pay, you may offer your employee “perks” such as a company car, clothing allowance, relocation expenses, childcare vouchers and private health insurance, to name a few.
Some of these benefits will be taxable in the hands of the employee: that is, the employee will have to pay tax on the financial benefit of [...]
The cost of employing someone in your business obviously includes their basic wage or salary. It may also include various bonuses and enhancements, such as double-time for working on a Sunday or bank holiday or an attendance allowance to discourage absence through sickness. All of these items add up to the employee’s gross pay.
On top of the employee’s gross pay, an [...]
