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Reply To: I would like to know what an hourly rate works out costing the business?For example: based on a 40 hour weekThe employees wage is $25 per hour > + 8% holiday pay, + 4.6% statutary holidays (11 days / 240 working days = 4.6%), + 5% bereavement, sick,domestic violance leave. + 2% ACC+ 3% kiwisaver,$25 * 1.08 = $27 > *1.046 = $28.24 > *1.05 = $29.65 > *1.03 = $30.54 > x 1.02 = $31.15Am I on the right track here? WHat I have worked out that every hour actually worked cost the business $31.15 (based on a $25 an hour contract). Have I included everything?Is it an easy calculation just to do the hourly wage times 1.246? Many thanks
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- I would like to know what an hourly rate works out costing the business?For example: based on a 40 hour weekThe employees wage is $25 per hour > + 8% holiday pay, + 4.6% statutary holidays (11 days / 240 working days = 4.6%), + 5% bereavement, sick,domestic violance leave. + 2% ACC+ 3% kiwisaver,$25 * 1.08 = $27 > *1.046 = $28.24 > *1.05 = $29.65 > *1.03 = $30.54 > x 1.02 = $31.15Am I on the right track here? WHat I have worked out that every hour actually worked cost the business $31.15 (based on a $25 an hour contract). Have I included everything?Is it an easy calculation just to do the hourly wage times 1.246? Many thanks
- Reply To: I would like to know what an hourly rate works out costing the business?For example: based on a 40 hour weekThe employees wage is $25 per hour > + 8% holiday pay, + 4.6% statutary holidays (11 days / 240 working days = 4.6%), + 5% bereavement, sick,domestic violance leave. + 2% ACC+ 3% kiwisaver,$25 * 1.08 = $27 > *1.046 = $28.24 > *1.05 = $29.65 > *1.03 = $30.54 > x 1.02 = $31.15Am I on the right track here? WHat I have worked out that every hour actually worked cost the business $31.15 (based on a $25 an hour contract). Have I included everything?Is it an easy calculation just to do the hourly wage times 1.246? Many thanks
