| A | B | C | D | E | F | G | H | I | J | K | L | M | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Augmentation Option | ||||||||||||
2 | Costs of Direct Hire | Inputs | Input Details | Annual Amount | Notes | Costs of Augmentation | Inputs | Input Details | Annual Amount | Notes | |||
3 | Compensation Package | Contractor Rate | $1,350 | 20 | Day Rate | Days per month | $324,000 | |||||||
4 | Salary Package inc. Super | $165,000 | Annual package inc. Super | $165,000 | |||||||||
5 | Payroll Tax | 5.45% | NSW | $8,993 | |||||||||
6 | Leave Benefits | 13.00% | Annual Leave, Sick Leave, Long Service Leave | $21,450 | |||||||||
7 | Bonuses/Equity | 5.00% | Industry Average Rate | $8,250 | |||||||||
8 | Perks & Benefits | ||||||||||||
9 | Staff Amenities | $150 | Meals/Groceries/Drinks / month | $1,800 | |||||||||
10 | Perks & Benefits | $200 | Perkbox/Gifts/Vouchers/Events / month | $2,400 | |||||||||
11 | Training & Development Resources | $100 | Udemy/Self-directed learning / month | $1,200 | |||||||||
12 | Training & Development Time | $4,000 | 5% | Company prescribed training courses (plus time) | $12,250 | ||||||||
13 | Workspace & Equipment | ||||||||||||
14 | Laptop & Accessories | $5,000 | Laptop & Accessories cost (3 yr life) | $1,667 | |||||||||
15 | Desk space / Work area | $700 | Based on subtenant leasing of extra desk space | $8,400 | |||||||||
16 | Software & Licenses & Support | $350 | Annual (Slack / Microsoft office / JIRA / IDE) | $350 | |||||||||
17 | HR & Admin Costs | ||||||||||||
18 | Worker's compensation insurance | 1.47% | NSW Average | $2,426 | |||||||||
19 | HR & Admin maintenance | 4 | $60 | Hours per month | Hourly Rate of HR | $2,880 | ||||||||
20 | Recruitment Costs | ||||||||||||
21 | Background check | $100 | Average cost | $100 | |||||||||
22 | Recruiter Fee | 15% | $24,750 | ||||||||||
23 | Team Interview time | 15 | $100 | Hours per month | Hourly Rate of Interviewers | $1,500 | ||||||||
24 | Onboarding Costs | ||||||||||||
25 | Company onboarding | 5.00 | Days needed | $3,438 | |||||||||
26 | Project onboarding | 4.00 | Days needed | $2,750 | |||||||||
27 | Productivity Ramp Up / Training | 30.00 | Productivity ramp up delay of new employees (days) | $20,625 | |||||||||
28 | Project costs of hiring delay | 15.00 | Days to hire internally vs Augmenting | $10,313 | |||||||||
29 | Potential Liabilities | ||||||||||||
30 | Cost to replace | 30.00% | Likelihood to need to replace x Recruitment & Onboarding | $17,540 | |||||||||
31 | Redundancy | 15.00% | Likelihood of redundancy x 4 weeks cost | $2,063 | |||||||||
32 | Under utilisation | 10.00% | Likelihood of under utilsiation through the year | $16,500 | |||||||||
33 | |||||||||||||
34 | |||||||||||||
35 | Total Annual Cost | $336,643 | Total Annual Cost | $324,000 | |||||||||
36 | |||||||||||||
37 | Monthly | $28,054 | Monthly | $27,000 | |||||||||
38 | |||||||||||||
39 | |||||||||||||
40 | |||||||||||||