What does minimum wage cost per month?
Discussion
Apologies for the naive question. Looking at the cost of having an employee per month to see if its worth moving the business to the next level (ie. out of the spare room) or not.
Whats the actual cost of having an employee on the minimum wage?
They are on an hourly rate of £5.93/hour, say 6 days per week with one day off, there's the UK working time directive, employers NI etc.
This will be "employee number 1" - well, apart from me, in my limited company, just trying to cost out over a year what it actually means in terms of raw numbers to have one (other) person on the payroll to work out if it is cost effective to take on more work or not.
Any advice from existing employers gratefully received. Apparently I need to talk to BusinessLink too ?
Whats the actual cost of having an employee on the minimum wage?
They are on an hourly rate of £5.93/hour, say 6 days per week with one day off, there's the UK working time directive, employers NI etc.
This will be "employee number 1" - well, apart from me, in my limited company, just trying to cost out over a year what it actually means in terms of raw numbers to have one (other) person on the payroll to work out if it is cost effective to take on more work or not.
Any advice from existing employers gratefully received. Apparently I need to talk to BusinessLink too ?
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