Before you Hire - Check the Costs of an Employee
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Before you Hire - Check the Costs of an Employee

EMPLOYEE COST CALCULATOR
A new employee might take your business to a whole new level. But before you commit, take a moment to think about the less obvious costs involved in taking on a new employee. 

Use the Employee Cost Calculator to understand the costs of a new employee. This provides indicative costs of what hiring will actually cost, and prompt you to also think about:
  • Salary or hourly wages
  • ACC levies, KiwiSaver contributions and Fringe Benefit Tax
  • Recruitment costs (Nb: One21 Recruitment are a contractor with specialised skills and charge lower costs than a recruitment agency charging a contingency fee - this will save you on many other costs in regards to time, advertising, processing applications, interviewing and making the right decision)
  • Equipment, tools and office space costs
  • Training and development costs
  • Bonuses and rises

After using the tool, balance the expected cost against what value you think a new employee will bring. They are likely to be worth the extra money if their skills will help you expand your business into new markets or get you more work. http://www.business.govt.nz/employeecostcalculator/





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