Cost-of-Hiring Calculator
Salary + statutory contributions + benefits + recruitment + onboarding = the true annual cost of every hire. No surprises.
Country / statutory regime
Compensation & costs
Gross monthly salary before deductions
Amortised over 2\u20133 years if preferred
Typical agency fee 12\u201320%. Set to 0 for direct hire.
True Annual Cost
₹852,060
True Monthly Cost
₹71,005
Effective Multiplier
1.42×
Annual cost breakdown
| Cost component | Annual | % of salary |
|---|---|---|
| Base salary | ₹600,000 | 100.0% |
| Statutory contributions (IN) | ₹100,860 | 16.8% |
| Benefits (health + transport) | ₹43,200 | 7.2% |
| Equipment & workspace | ₹50,000 | 8.3% |
| Recruitment fee | ₹48,000 | 8.0% |
| Onboarding cost | ₹10,000 | 1.7% |
| Total annual cost | ₹852,060 | 1.42× |
Cost composition
Frequently Asked Questions
Understanding the real cost of hiring
🇮🇳 India — Employer contributions
Rates used in this calculation
Only if salary ≤ ₹21,000/month
15/26 days × years of service
Budget planning tips
- Add 20–30% on top of salary as a baseline for statutory + benefits in SEA markets
- Recruitment agency fees are one-time but significant — factor them into year-1 cost
- Equipment can be amortised over 2–3 years if you reuse hardware
- For contractors, remove statutory contributions but add invoice markup (15–25%)
Disclaimer: Contribution rates are indicative and may vary by employee age, salary band, and company size. Always verify with your local payroll provider or statutory authority.
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