Real Costs of Hiring
| HIDDEN COSTS OF HIRING | ||
|
Entry Level (Bookkeeper) |
Supervisory (Senior Accountant) |
|
|
Basic Salary per month |
7,000 |
12,000 |
|
13th month Pay |
583 |
1,000 |
|
Bonus Pay |
583 |
1,000 |
|
SSS Contribution |
400 |
600 |
|
Medical & Benefits |
500 |
800 |
|
Office Space & Utilities (P500/m2) |
7,500 |
9,000 |
|
Equipment & Furniture (24 mo) |
2,083 |
2,917 |
|
Overhead (Comm, Supplies, etc) |
500 |
600 |
|
Training Time & Costs |
583 |
1,000 |
|
Supervisory Costs |
? |
? |
|
TOTAL MONTHLY COST |
19,733 |
28,917 |
|
Times Basic Pay |
2.82 |
2.41 |
|
ANNUAL COST |
236,796 |
347,004 |
