Calculator

Cost To Hire Calculator

Discover the true cost to hire. It may just surprise you.

See how much it really costs to pay for a new hire, whether it’s a permanent employee or a contractor. See how your benefits, onboarding & training and time-to-hire can impact your bottom line. Please enter the salary or day rate you plan to pay for your role.

If you’re not sure what this should be, please feel free to call us on 0333 121 3345 to get an idea.

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When looking at the true cost to hire, it's worth considering ROI. Research shows that a worker's value is more closely aligned to a power curve (the Pareto rule) – so the ROI for a top-performing hire is more than worth the additional salary. (See further sources below.)

Not sure whether to hire a permanent employee or contractor? See a brief overview of the pros and cons of each below, alternatively, for a more detailed description of the pros and cons, click the download buttons below.


Permanent Employee

Pros

  • Upskill to your exact needs
  • Long term planning
  • Secure workplace environment

Cons

  • Take longer to hire
  • Bad hires are costly & harder to fire
  • Generally less skilled

Contractor

Pros

  • Quick start date
  • Normally highly skilled
  • Increased agility with reduced risks

Cons

  • Can cost more
  • Less aligned with cultural fit
  • Can leave at any time after contract ends