Employee Cost Calculator
Work out the true cost of your employees to your business
Calculate the real cost of your employees using our employee cost calculator
The cost of your employee is not simply just the hourly rate or the salary you offer to them.
Are you including in your calculations the cost of the benefits they are entitled to? Do you pay insurance to cover your employees and your business? Have you factored in your superannuation and the contribution rate you’re offering?
All these factors (and more) play a part in accurately judging how much your employee truly costs your business. This is not easily determined as every situation is different.
As an employer in Australia, you should know that all employees are entitled, by law, to superannuation contributions, annual holiday leave, sick leave, public holiday loading and many more.
Therefore, working out the cost of your employee can be quite difficult!
Use the calculator below to help you figure out the true cost of your employee. The calculator will determine a figure based on the minimum compulsory entitlements that your employee should receive.
At the end of the calculation, you’ll also receive our FREE Guide to Hiring Your First Employee.
How much does your employee truly cost
Please input the required values.
| Gross employee salary | |
| Superannuation () | |
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Work entitlements |
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|---|---|
| Accrued Annual leave () | |
| Accrued Sick leave () | |
| Paid Public Holidays () | |
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Payroll tax (if applicable) |
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| Total annual wages paid by the business in NSW or state | |
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Payroll tax (if applicable) (Cost is calculated based on NSW) |
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Other Associated Costs |
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Worker's compensation & Public Liability Insurance (Average may vary, an approximate amount of 2% gross salary is applied) |
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| Total Employee Cost Estimate | |
Disclaimer: Many of the comments above are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to verify the applicability to their own circumstances. Whilst every effort has been made to ensure the accuracy of this calculator, the results should be used as an indication only. It doesn’t take into account all circumstances and they are not a guarantee of the true cost of your employee.