Closed iteles closed 6 years ago
@rub1e You're a gem 💎 So nice to finally have some clarity around this kind of number #321.
Let's walk through them tomorrow and then we can close?
First thing to note is that employees cost a lot more than their headline pay figure, when pensions and taxes are included - c.10% more.
So, someone on e.g. £3k/month costs the company closer to £3.5k/month - and this needs to be factored in when doing this calculation (fortunately Xero
calculates employees' total cost for us 😁)
So the calculation here would be:
This is the basic process; it doesn't include stuff like training costs or boxes of green tea etc etc
SO SO happy to finally have this. You're a peach @rub1e 🎉
Also, 😆 at the 🍵
Following on from making a good dent into our end of year accounts #406 (yay @rub1e! And it's not even the month before the deadline or anything!) and linked to https://github.com/dwyl/hq/issues/321
With a hybrid PAYE employee/freelancer model, there is a little less clarity around how much the true cost of each person in the organisation is and how much we have to make sure we cover with our contributions to overheads in order to have a good runway here.
@rub1e Could we please calculate the following so that when we are selling work we can ensure at a glance that we are not selling ourselves short?