Looking to get an estimate of the true cost of an employee

Mudd14

I agree, Vader you sound like a very generous employer! Whats your company?! Feel free to pm me

ohreally

I'll put my hands up, my conditions of service are second to none. It would need to be a really stimulating job to entice me to move.

Fusion916

So is the only thing I'm missing from my calculations is social security and medicare tax?

ohreally

DreamerV wrote: »

What field are you in? Teaching? Something that involves just term time work?

Not related to teaching/ education in any way. Not term time working.

lesleyvhalifax

Vader123 wrote: »

I am an employer (128 people across 5 UK locations) I do offer :

1. private free gym membership,
2. full BUPA cover for employee plus family (excl pre-existing conditions),
3. Christmas bonus fixed at £1500 per year
4. Contribution based pension
5. Sickness paid from day 1 until self cert
6. 29 days annual leave (pro rata)
7. Flexible working (where role permits)
8. On-site subsidied creche (only at 2 locations, both outsourced)

My financial guru says that to pay for all this, you double their annual salary offered.

In return for this, I get :

• low sickness rates
• low (read 0) retention problems
• great work ethic
• excellent team morale (I employ a outside agency to help)
• amazing profits (makes my life easier!!!!!!)

This is a UK based company with a huge level of diversification, but the "double up" rule works well.

Vader

can i work for you vader please

Savvy_Sue

ohreally wrote: »

Don't think so. 29 days annual leave, i get more than double that now and got more than that 30 years ago.

But it's not JUST the leave! It's all the other stuff, all I have is a (not particularly generous) pension and a certain amount of flexibility!

wontfallforit

Vader123 wrote: »

I am an employer (128 people across 5 UK locations) I do offer :

1. private free gym membership,
2. full BUPA cover for employee plus family (excl pre-existing conditions),
3. Christmas bonus fixed at £1500 per year
4. Contribution based pension
5. Sickness paid from day 1 until self cert
6. 29 days annual leave (pro rata)
7. Flexible working (where role permits)
8. On-site subsidied creche (only at 2 locations, both outsourced

We get this, minus the creche, plus:

- life assurance
- discounts on a range of financial services
- share options
- a special rate of interest on savings
- regular prizes for performance (anything from a lollipop, to an iPod)

And 'work ethic' is terrible The sick pay is the real catch, it's abused to the max. Most colleagues - from junior to senior - feel that they must take at least 2weeks off sick every year, to get that pay. The staff turnover is also really high - higher than anywhere I've ever known.

It just goes to show, pay and benefits don't necessarily keep a workplace sweet. There'll always be people out to abuse it.

I'd prefer to work in a place with similar pay, but a streamlined benefits structure (life and pension is enough for me), where people actually turn up to do their job every once in a while

BitterAndTwisted

Yep. I was, up until October, in a long-term temp role and the absenteeism for "sickness" was a revelation! Some of my colleagues barely worked a four-day week some months and the closer it got to year-end the more paid sick-leave they took. From what I could understand the paid sick-leave was added on in their heads to their holiday entitlement. Thus spaketh a temp who took four days holiday per annum and hasn't taken a day's sick-leave in about a decade.

wontfallforit

BitterAndTwisted wrote: »

Yep. I was, up until October, in a long-term temp role and the absenteeism for "sickness" was a revelation! Some of my colleagues barely worked a four-day week some months and the closer it got to year-end the more paid sick-leave they took. From what I could understand the paid sick-leave was added on in their heads to their holiday entitlement. Thus spaketh a temp who took four days holiday per annum and hasn't taken a day's sick-leave in about a decade.

I could quite easily take a long sickie right now, lasting for several weeks, and could be quite blatant about the fact that it was fake...nothing would be done about it, save for the cursory back to work interview.

But I just can't bring myself to do it! Knowing my luck, I'd be struck down by some terrible illness, genuinely, shortly afterwards

Unfortunately, sickness is so much the norm, that us few 'obedient' staff aren't thought any better of for having the good grace to turn up

PasturesNew

I worked for a company that had an on-site creche once. Wages were low because they could get as many staff as they wanted for lower rates because of the creche. Bit of a bummer when you're not benefitting from it though.