The French Polynesia Recruitment Cost Calculator provides a "True Cost of an Employee Calculation" for the first year of employment when factoring holistic employment and startup costs. The calculator is designed to provide insight into the full costing model for employing a new employee in French Polynesia and, together with iCalculator™'s French Polynesia Payroll calculator for 2021, provide the gross employment costs of your current staff in French Polynesia, help you budget employment costs in French Polynesia for your financial year, anticipate staff costs for future expansions in French Polynesia and review past costs in order to gauge future employment costs in French Polynesia.
Understanding the calculations behind the French Polynesia Recruitment Cost Calculator 2021
Whether you are the Director of a multi-million organisation, setting up a new company in French Polynesia , or have a business venture in French Polynesia, knowing where your money goes and how much you spend on employment resources is essential. Staff costs in French Polynesia are one of the biggest expenditures for a company, but it isn’t just wages that cost the business money, there are additional expenditures, known more commonly as 'on-costs' or 'onboarding-costs'.
Calculating the true cost of an employee in French Polynesia can seem very complex but, as with most financial calculations with multiple elements, they can each be placed into simple cost buckets which allow us to provide a simple working formula:
tce = sc + bc + oc + fc
where:
- tce = The True Cost of an Employee in French Polynesia
- sc = Salary Costs in French Polynesia
- bc = Benefit Costs in French Polynesia
- oc = Onboarding Costs in French Polynesia
- fc = Facilities in French Polynesia
Each of these costs includes a number of sub elements which are defined within the calculator where you can enter specific amounts or a percentage rate for benchmarking expenditure. Please review the supporting guide "Calculating the 'True Cost of an Employee in French Polynesia' in 2021" which explains the associated costs computed within this calculator.
The True Cost of an Employee in French Polynesia Calculator is similar to the Cost Per Hire Calculator with the addition of live income tax and salary deductions for an employee working in French Polynesia in 2021.
French Polynesia Cost of Employment: Tax Years available
We currently support the following tax years for employee cost calculations in French Polynesia, if you require additional tax years, please get in touch and we can add them to the list of available tax years.