Beyond salary
Employer National Insurance, pension contributions, holiday cover, equipment, insurance and training add substantially to the headline wage. Budget the full loaded cost before advertising.
Legal obligations from day one
These are not optional and carry penalties if missed.
- Employer's liability insurance
- PAYE registration and RTI submissions
- Written statement of particulars on or before day one
- Auto-enrolment pension assessment
- Right to work checks with records kept
Fund it from overheads first
Many businesses find that a serious overheads review funds a meaningful share of a first salary. Cutting a fixed cost is certain; the extra revenue a new hire brings is a forecast.
Want this reviewed for your business?
Send us a recent bill and a consultant from our Cardiff office will tell you, honestly, whether you are paying more than you need to.