Salary Cost Calculator

Salary

Annual Salary: £40,000

£20,000£120,000

Employer Pension Contribution (%)

Expected Employment Duration: 2 years

Note: Average duration is 1-2 years

Recruitment Fee: 10%

Note: Average recruitment fee is 10-25%

Laptop/Equipment Cost (£)

Monthly HR System Fee (£)

Training Budget per Year (£)

Working Weeks per Year: 48

4749

Note: The UK average is between 47-49 weeks. Adjust based on your company's policies.

£985.80

Increase in annual cost from 2024-2025 to 2025-2026

Base Salary£40,000.00£40,000.00

Employer NI£4,264.20£5,250.00

Pension Contribution£1,200.00£1,200.00

Training Budget£1,000.00£1,000.00

Recruitment Cost£4,000.00£4,000.00

Equipment Cost£500.00£500.00

HR System Cost£36.00£36.00

Total Annual Cost£51,000.20£51,986.00

Total Monthly Cost£4,250.02£4,332.17

Base Daily Rate£166.67£166.67

Additional Costs/Day£45.83£49.94

Total Daily Cost£212.50£216.61

First Year Total Cost£51,000.20£51,986.00

Subsequent Years Cost£46,500.20£47,486.00