The employee component allows you to enter salaries for your staff and automatically calculate national insurance and pension benefits. You can use one employee component to model multiple employees on the same salary grade or use one component per person you employ.
Number of employees
With this table, you can manually enter the number of employees you have throughout your plan. This is really useful if you plan on hiring a few more people each year.
Cost per employee (spread monthly)
Here is where you can enter the cost of employing a single person. This will be multiplied by the number of employees you have entered above. To enter different cost amounts, click the 'Enter in table button.
Employer pension contribution (% of salary)
Employer pension contribution is a percentage based on an employee's salary. Enter your employer pension contribution tab here.
Apply national insurance rate (see settings for rates)
Ticking this option will calculate Employer NI on top of each employee's salary. The rates and threshold for NI are set in Finance Settings tab in Settings.
Delay when this salary and pension is paid on your cash flow (excluding national insurance)
This controls when you pay this employee cost. Some employee costs are paid immediately every month, but if they pay the cost later you can delay the appearance of this cost on your Cash Flow by changing the Delay dropdown option here.
Change the direct cost-switching this on will treat this employee as a cost of sales on your report
Change to direct cost - switching this on will treat this employee as a cost of sales on your reports.
- Number of employees Choose the number of employees you have at this salary grade
- Cost per employee Enter the annual salary, this amount will automatically be spread monthly on your reports. This will be multiplied by the amount of employees you choose from the option above.
- Employee pension contribution Add an additional percentage on top of the salary to represent the pension employer pension contribution.
- Apply national insurance Tick this if you want Brixx to automatically calculate the NI rate for you. The NI rate can be found in the financial settings of your plan and is set at a global level for all employee components with this option ticked.
Planning salary raises
You can increase a salary by pressing 'Enter in table' underneath the cost per employee input. This will show a table allowing you to change the salary at a certain point in time.
Keep in mind that if you are using one component to model multiple employees, it will raise all of the employee salaries at the same time. If you want to raise salaries at different times you will need to use separate employee components to achieve this.