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True Cost of Employment Calculator

Calculate the real cost of hiring employees including salary, National Insurance, pension contributions, and hidden costs. Make informed hiring decisions for your floristry business.

Employment Cost Breakdown

For: "£12.50/hour, 37.5 hours/week, 28 holiday days"

Gross Annual Wage £24,375
Holiday Cost (28 days) £1,400
Employer NI (15%) £2,906
Pension Contribution (3%) £563
Other Overheads (5%) £1,219
True Annual Cost £30,463
True hourly cost £15.62
25% more than base wage

Underestimating the True Cost of Employees?

Many florists only consider base salary when hiring, but the real cost includes National Insurance, pensions, holiday pay, and hidden expenses that can significantly impact your budget.

Complex Statutory Calculations

UK National Insurance thresholds, Irish PRSI rates, pension qualifying earnings, and employer's allowances create complex calculations that vary by country and income level.

Multi-Country Compliance

Different countries have vastly different employment cost structures. UK has employer's allowance and apprenticeship levy, Ireland has different PRSI rates.

Hourly vs Annual Confusion

Converting hourly wages to true annual costs while factoring in holiday pay, working hours, and overhead percentages is prone to calculation errors.

How the Employment Cost Calculator Works

Our calculator considers all employment costs including statutory obligations, benefits, and hidden expenses to give you the complete picture.

1

Enter Employee Details

Select your country (UK, Ireland, or Other) and input hourly wage, working hours per week, and holiday entitlement. Our calculator handles different employment structures with country-specific rates.

  • UK, Ireland, and custom country support
  • Hourly wage input system
  • Flexible working hours (0-168/week)
  • Holiday days configuration

Employee Information

🇬🇧 United Kingdom
£12.50/hour
37.5 hours
28 days (UK statutory minimum)
2

Automatic Cost Calculations

Our calculator applies current 2025/26 UK rates, Irish PRSI calculations, and custom rates for other countries. Includes employer's allowance, apprenticeship levy, and pension qualifying earnings calculations.

  • Current 2025/26 UK rates (15% NI)
  • Irish PRSI automatic rate selection
  • Employer's allowance calculations
  • Pension qualifying earnings (£6,500-£50,270)

Statutory Costs

Employer NI 15%
Above £5,000 threshold (2025/26)
Pension Contribution 3%
On qualifying earnings (£6,500-£50,270)
Holiday Cost Daily rate × days
Based on working pattern
2025/26 UK rates with thresholds applied
3

Complete Cost Breakdown & Net Pay

Get detailed breakdown showing gross wage, statutory costs, overheads, and true hourly rate. For UK employees, see estimated net pay after income tax, NI, and pension contributions.

  • True cost per hour/week/month/year
  • Complete statutory cost breakdown
  • UK employee net pay estimation
  • Income tax and NI calculations

Complete Cost Analysis

£30,463
True Annual Cost
25% more than gross wage
£2,539
Monthly Cost
£15.62
True Hourly Rate
Gross Annual Wage £24,375
Statutory Costs £4,869
Other Overheads £1,219
Employee Net Pay (UK)
£19,847/year
After tax, NI & pension
Complete employer and employee breakdown

Comprehensive Employment Cost Features

Everything you need to understand the true cost of hiring employees in your floristry business.

Multi-Country Support

Built-in support for UK (2025/26 rates), Ireland (PRSI calculations), and custom rates for other countries with automatic currency symbols.

Hourly Wage Calculations

Input hourly wages and working hours to automatically calculate annual costs, holiday pay, and true hourly employment cost.

Current 2025/26 UK Rates

Uses latest UK rates including 15% employer NI, £5,000 secondary threshold, and pension qualifying earnings (£6,500-£50,270).

UK Employer's Allowance

Optional employer's allowance calculation (up to £10,500 for 2025/26) to reduce National Insurance liability for eligible employers.

Employee Net Pay Estimation

For UK employees, calculates estimated take-home pay after income tax, National Insurance, and pension contributions using 2025/26 rates.

Complete Cost Breakdown

Shows true cost per hour, week, month, and year with detailed breakdown of gross wage, statutory costs, and overhead percentages.

Ready to Hire with Confidence?

Join florists who make informed hiring decisions by understanding the true cost of employment.

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