For your
business to be profitable, you must review exactly the
cost of running your business, and a significant component
of those costs is the REAL cost of an employee.
Comparison
Hourly Rate = ("X"
Salary + SGL) x "Y"
loading
..................................
"W" period
The above will illustrate the actual recovery costs
required per permanent employee per hour to operate
a profitable business.
Ring us for an explanation of the Calculator !
The "Y"
loading multiplier is
made up of three components
(1) "Employment on-costs"
PLUS
(2)
"Business on-costs "
PLUS
(3)
"Non-Billable administration on-costs"
The"W"
refers to"actual work time" in hours
Give
us a call so as we can explain the matrix for calculating
your recovery costs
The
client then ADDS to the hourly rate a Company profit
component.
It's important to have a nucleus of permanent staff,
but effective management should employ Engineering Technical
staff on an "as needs" basis so as to create
business profitability, employ contract labour on a
"AS NEEDS DICTATE" basis.
As Contract personnel are supplied at an hourly rate,
it is appropriate to
convert Permanent staff salary packages to a comparison
hourly rate.
New
ATO Reporting effects companies as of July 2012
Businesses
in the building / construction industry engaging DIRECT
contract labour are now subject to greater scrutiny
by the Federal Government, new legislation stating July
1st 2012 puts greater responsibility on those businesses.
For an explanation call us and we are able to instruct
you as to what is changing
as to your working relationship with direct hire contract
labour
Clients in the construction industry engaging contract
labour through Commercial Design regardless
of the number of onhired personnel through us will have
a less complicated time complying with the new legislation
as we do the reporting for you!
