Employee Cost Calculator
Find the true annual, monthly and hourly cost of an employee beyond salary.
Add salary, employer taxes, benefits and overheads to see the fully-loaded cost of a hire.
How to use it
- 1Enter the base salary.
- 2Enter employer tax percentage and benefits cost.
- 3Add equipment and overhead costs.
- 4Read the true annual, monthly and hourly cost.
Employee cost inputs
Add salary, contributions and all the extra costs of employing someone.
Result
True annual cost
€65,000.00
- Monthly cost
- €5,416.67
- Cost per working hour
- €31.25
- Employer contributions
- €7,500.00
- Load above salary
- 30.0%
True cost includes employer contributions, benefits, equipment, training and overhead beyond base salary.
Frequently asked questions
- What counts as overhead?
- Anything beyond salary and mandated taxes, such as office space, software and management time.
- How is the hourly rate calculated?
- The true annual cost is divided by your assumed annual working hours (default 2,080).
- Is this useful for freelancer rates?
- Yes, agencies often use this style of calculation to set a minimum billable rate.
Something wrong with this tool or its numbers?
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