Re:Changing times (or, why is every layoff 10-15%?)
by benj111 on Saturday November 12, 2022 @05:52AM
(#33571949)
25%?
Employer NI contributions are ~1/2 that. What other taxes do employers inccur?
Re:Changing times (or, why is every layoff 10-15%?)
by blowski on Saturday November 12, 2022 @06:13AM
(#33572045)
I lumped a few costs onto that, which aren't taxes, but are tied to salary. Pension contributions, life insurance, health insurance, for example - these all come out of the same budget as national insurance contributions.
The £9K figure _doesn't_ include taxes on individuals, such as NI and pension contributions. That comes from a different budget, and is typically an extra 25% on top of salary.