Calculating your actual cost per employee is more involved than just looking at your Gross Wages, although they do form a large part of it.
Other employee costs may include:
- Superannuation
- Payroll Tax
- Workers’ Compensation
- Motor Vehicle Expenses
- Telephone
Once you have totalled these you can then apportion them across your employees.
The formula:
Cost per employee = total employee costs / number of employees
In this calculation you will need to allow for the fact that some of the employees may be part time or casual.
If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com
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