Here are some other employee-related costs:
- “Overhead” costs of office accommodation. You will still have a certain amount of costs even if they work from home, such as phone call costs, an internet connection, travel and possible contributions to heating and lighting.
- Depending on your business, cover for holiday, sickness and absence.
- Initial training.
- Ongoing training and development opportunities.
- Payroll costs
Yet, after doing all of these things, you need to be prepared for the fact that one day, your new employee will probably leave you. A job is rarely for life.