| Cost Factor | Description | How to Calculate it | % | Annual Cost (USD) |
|---|---|---|---|---|
| Annual Salary | Annual salary to pay the employee | Based on the answer to B4 & B5, pick up the salary suggested, allow user to adjust | ||
| Recruitment Costs | Advertising through different channels, screening, interviewing... | Use a flat $3,000, allow user to edit | ||
| Recruitment Agency Costs | Costs associated with hiring through an agency (typically a percentage of annual salary) | % | ||
| Employee Benefits | Additional costs for health insurance, retirement benefits, etc., typically provided by employers | % | ||
| Payroll Taxes | Employer contributions to CPP, EI, etc. | % | ||
| Office Space and Utilities | Physical office space and utilities for onsite or home office allowance | Use flat $2,400, allow user to edit | ||
| Hardware and Software | Costs for laptops, software licenses, etc... | Use flat $3,000, allow user to edit | ||
| Training and Development | Skills training and development | User flat $3,600, allow user to edit | ||
| HR and Administrative Costs | HR functions like payroll & administration | User flat $2,000, allow user to edit | ||
| (Add your own cost) | This is for you to add any other costs | |||
| Subtotal | ||||
| Incentive Programs | Refunds on certain expenses | Use % based on the program the user has selected from B7 | 30% | |
| Other Costs | ||||
| Turnover and Replacement Costs | Costs associated with employee turnover, including exit processes and replacement hiring | use flat $36,000 | ||
| Legal and Compliance Costs | legal fees and compliance costs | use flat $2,400, allow user to edit | ||
| Subtotal Others | ||||
| Summary | ||||
