Cost Calculator

The UK’s Leading Online
Transcription Services Provider

True Cost of an Employee

Have you ever wondered what is the true cost of an employee?

It is not as simple as just taking their annual salary as the true cost. Businesses bear costs which can often be overlooked. That is why we provide a calculator, so you can see the true cost of an employee to your business.

This calculator is provided to help you identify whether it could be more cost effective to outsource a position with your business, thereby reducing business costs.

DEVELOPED BY STANBRIDGE ASSOCIATES LIMITED, ACCOUNTANTS

Salary
£   
£   
Benefits
     %  
£ 
£ 
£   
Facilities
£   
£ 
£   
     %
£ 
Recruitment
£ 
     %
£ 
£ 
£ 
£ 
Financial
     %
     %
     Days  
     Days

True Annual Cost of Employee :

This is equivalent to an Hourly Rate of:

(The hourly rate figure is based upon 250 working days in the year at 7 hours per day. The number of days holiday and sick leave are also factored into the calculation.)

In our experience, on average time it takes to transrcibe a dictation is approximately 4 times the length of the audio file. Based on this here are some comparisons between inhouse and OutSec transcription costs:-

Example A - 15 minute audio

Inhouse cost based on an hourly rate of =

OutSec cost based on standard rates = £ 18

Saving:

Example B - 30 minute audio

Inhouse cost based on an hourly rate of =

OutSec cost based on standard rates = £ 36

Saving:

Example C - 60 minute audio

Inhouse cost based on an hourly rate of =

OutSec cost based on standard rates = £ 72

Saving:

The above OutSec prices were calculated using 'standard' rates, contact us us for further information. In addition to a financial saving with OutSec you will receive a fast efficient turnaround and have no worries around capacity.

Payroll Costs

Employee Benefits Costs

Facilities Costs

Recruitment Costs

Financial Costs

True Annual Cost of Employee :

This is equivalent to an Hourly Rate of:

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