Employment Calculator

As an employer, usually the salary that you agree with a new recruit is not the only amount that you will pay each month, there are other considerations and costs that you need to factor in. The calculator below – which is based on legislation as at June 2022 – is a handy resource that quickly gives you a sense of what additional costs you will need to budget for beyond just salary. The two main elements that you will need to consider are employers National Insurance and Pension. There are lower limits to both – so essentially a point where someone doesn’t earn enough for you to pay these things – for instance if they are part time. There are also a number of slight changes in these figures depending on the tax code of the employee along with other factors, so this calculator shouldn’t be considered a resource to base your payroll off, but to give you a pretty accurate ability to budget when you’re taking on new team members.