True Cost of an Employee

Have you ever wondered what is the 'true cost' of an employee?

Businesses bear additional costs, such as rent, utilities, recruitment and days off for annual, sickness and/or maternity leave. These costs are often overlooked.

That is why we have developed this calculator for your use in order to illustrate that often an employee can cost, in reality, as much as double their salary, dependent on location and overheads.

This calculation will determine the cost advantage to outsourcing all or a part of your typing needs, as appropriate.

DEVELOPED BY STANBRIDGE ASSOCIATES LIMITED, ACCOUNTANTS

Salary
£   
£   
Benefits
     %  
£ 
£ 
£   
Facilities
£   
£ 
£   
     %
£ 
Recruitment
£ 
     %
£ 
£ 
£ 
£ 
Financial
     %
     %
     Days  
     Days

True Annual Cost of Employee :

This is equivalent to an Hourly Rate of:

(The hourly rate figure is based upon 250 working days in the year at 7 hours per day. The number of days holiday and sick leave are also factored into the calculation.)

In our experience, the average time it takes to transcribe a dictation is approximately 4 times the length of the audio file. Based on this here are some comparisons between in-house and OutSec transcription costs:-

Example A - 15 minute audio

In-house cost based on an hourly rate of =

OutSec cost based on standard rates = £ 18

Saving:

Example B - 30 minute audio

In-house cost based on an hourly rate of =

OutSec cost based on standard rates = £ 36

Saving:

Example C - 60 minute audio

In-house cost based on an hourly rate of =

OutSec cost based on standard rates = £ 72

Saving:

The above OutSec prices were calculated using 'standard' rates. Why not try our 'Get a Quote' calculator or contact us for further information on 01366 348088. In addition to a financial saving with OutSec you will receive a fast efficient turnaround and have no worries around capacity.

Contact Get A Quote

Payroll Costs

Employee Benefits Costs

Facilities Costs

Recruitment Costs

Financial Costs

True Annual Cost of Employee :

This is equivalent to an Hourly Rate of:



Contact Get A Quote

Clients Include:

Here are just a few of our valued clients:

Translate Media University of Salford Strutt & Parker Allied Surveyors & Valuers Carter Jonas Yorkshire Surveyors