When you do the math, you may be surprised to find out how much your permanent workers cost. You're familiar with the hourly rates, but have you ever added in the hidden costs to pay and compensate employees? Extra Industrial Personnel can help you figure out the numbers and weigh the costs. In the end, you may conclude that temp jobs in Toronto are more cost-effective for your short-term and temporary projects.
Breaking It Down
By taking the time to look into those hidden costs, you may find these costs add as much as 25% to the hourly wage. This is due to:
Mandatory Government Remittances
Canada Pension Plan
Employment Insurance
Employer Health Tax
Workplace Safety Insurance Coverage
Administration Costs
Payroll Set-Up
Benefits Administration
Government Remittances
Regular Pay Cheques
Annual T-4 Slips
Records of Employment
Employee Benefits
Vacation Pay
Benefits Package
Statutory Holiday Pay
Severance Pay
Hiring Costs
Advertising
Interview Time
Reference Checking
Applicant Testing
If you work on short-term projects, permanent employees may not be the right fit. When the numbers convince you to increase the temporary services at your company, call us to find the workers you need.
