So what will it cost me if I do what they want and convert my tradesmen to Employees?

It is generally reckoned that the additional payroll burden for employing as opposed to contracting is an increase in payroll costs of between 28 -40%. This is made up of, amongst other things:

  • Employers National insurance costs
  • Holiday pay
  • Additional admin costs for dealing with PAYE and employment rights legislation
  • New pension contributions which continue to rise
  • Paternity and maternity leave costs

This estimate does NOT include any additional cost incurred through the reduced ability to vary your workforce to match your workload.

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