Beyond the wage.
WHAT PEOPLE BUDGET FOR
The wage.
WHAT IT ACTUALLY COSTS
The wage Statutory contributions and obligations, where applicable Equipment and tools Space, if needed Training time, which is your time Management time, ongoing Mistakes during learning Administration
THE TRAINING COST
For the first period, productivity falls.
You are doing your work and teaching.
THE MANAGEMENT COST
Continues indefinitely.
Managing someone takes hours every week.
WHAT TO CALCULATE
The total monthly cost, honestly.
Then how much additional revenue is needed to cover it.
THE CRITICAL QUESTION
Can you pay it in a bad month?
WHAT TO ESTABLISH
What obligations follow from employing someone.
Take advice before committing.
WHAT TO BUDGET
More than you expect, for the first months.
WHAT NOT TO DO
Hire on projected revenue that has not arrived.
