Inputs
- 10 employees
- £32,000 average salary
- 260 working days
- 4.4 absence days each
Working
- Day rate = £32,000 ÷ 260 working days = £123.08
- Total absence days = 4.4 × 10 employees = 44 days
- Direct salary cost = £32,000 ÷ 260 × 44 days = £5,415.38 (using the full-precision day rate)
- Total = £5,415.38 (£541.54 per employee)
The estimated direct salary cost is £5,415.38 a year, before any cover cost.