Online tool for staff costs

The Minister for Small Business has welcomed the release of an online tool to help small and medium-sized businesses understand the cost of employing staff. The tool, developed by the Ministry of Business, Innovation and Employment, estimates the fixed and discretionary costs of hiring new staff. Fixed costs include salary, ACC levies and KiwiSaver. Discretionary costs include recruitment, training and office equipment. Craig Foss says: “The employee cost calculator is designed to help businesses make confident hiring decisions based on realistic and reliable projections. Business.govt.nz packages government information in a way that makes sense to business. It provides advice and tools to help businesses succeed.” Visit www.business.govt.nz/employeecostcalculator for more information.