Working out "gross" hourly rate?

Just working backwards to get to my break-even costs....

Say Joe Bloggs has a staff hourly rate of $20 per hour (gross, ie he pays payg tax out of that).

He's paid that rate for 40 hours per week, 52 weeks per year (4 weeks of the 52 are holiday pay, paid out at the same $20ph for 40 hours a week).

He accrues sick pay at the rate of about 3.5 hours per fortnight.

How much does he cost his employer per hour?

I need to add to his $20:-

Super
Sick pay allowance
Leave
Payroll tax?
Work Cover?
Long service leave

Any other taxes or allowances I need to put aside per hour to work out what he actually costs me per hour?

Cheers.

 

Which industry?
Is there leave loading?
Bereavement/Compassionate leave?
POETS day?

 

Structural Steel Drafting, (usual private contract with the staff, no leave loading or RDO's)
Yes, compassionate leave - 3 days per year
No POETS day but may have a bring your dog to work day ;-)

 

I don't know the other allowances apart from super and leave
I assume weekly work hour is set to 40 hours. Yearly salary for 52 weeks with up to 46 weeks active working (4 weeks annual leave + 2 weeks sick leave)

(40*52*20*1.095)/(46*40) = $24.75

 

I have a very comprehensive spreadsheet that I can send to you (or anyone else) that calculates hourly rate. It has instructions, but for gross, you just need to put $0 in the profit line. Flick me a PM with an email and Ill send it through along with how I determine my hourly rates for my guys on site.

You will be surprised - Id bet close to $40 with all the whiz bangs!

pinkboy