Rate setter introduction
Download
1 / 14

rate setter introduction - PowerPoint PPT Presentation


  • 264 Views
  • Updated On :

Rate Setter Introduction. Rate Setter is designed to help firms calculate charge-out rates for every employee within the firm, taking into account fixed business costs and other important factors. It also helps to review charge-out rates and to calculate

Related searches for rate setter introduction

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'rate setter introduction' - Pat_Xavi


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Rate setter introduction l.jpg
Rate SetterIntroduction

Rate Setter is designed to help firms calculate charge-out rates

for every employee within the firm, taking into account

fixed business costs and other important factors.

It also helps to review charge-out rates and to calculate

earnings packages for employed or self employed advisers.

Start demonstration

To close the demonstration at any time hit the Esc key.


Rate setter business costs l.jpg
Rate Setter Business costs

Start by listing your business expenses excluding any salary costs.

This helps to ensure that you allow for all the costs of the business.

If you already know the total of these costs you can skip this section.


Rate setter starting to calculate effective charge out rates l.jpg
Rate Setter Starting to calculate effective charge out rates

In the 3 yellow boxes above, add the current

employer NI rate, the starting threshold and

your business costs from the previous screen


Rate setter adding employee information l.jpg
Rate SetterAdding employee information

Add the information for all staff but initially leave

the charge out rate blank. A proportion of the

business costs have been assigned to each

employee based on their earnings and minimum

charge rates calculated for each.

With the help of these calculations, add a charge-out rate for each employee


Rate setter applying an hourly charge out rate l.jpg
Rate SetterApplying an hourly charge out rate

By adding the charging rates the anticipated

income for each employee is calculated in

the final column and the Profit / Loss

at the top of the screen has been updated.


Rate setter amending charge out rates l.jpg
Rate SetterAmending charge out rates

You can now amend any of the yellow fields to see

how this will impact on profitability. If the

director increases his drawings to £75,000 he will

need to increase the amount of time he spends with

clients or increase his charge out rate or both.


Rate setter amending charge out rates7 l.jpg
Rate SetterAmending charge out rates

By increasing the percentage of his client time by

3% to 38% the business just about returns to profit.


Rate setter amending charge out rates8 l.jpg
Rate Setter Amending charge out rates

but he will also need to increase his hourly rate

if he wants to retain the profitability of the business.


Rate setter recruitment and reviews l.jpg
Rate SetterRecruitment and Reviews

This section deals with recruitment and

existing employee salary reviews.

Simply complete the yellow fields.


Rate setter adding up the costs and setting commission targets l.jpg
Rate SetterAdding up the costs and setting commission targets

Add the additional

costs associated

with employing

this person


Rate setter business profitability and employee earnings estimates l.jpg
Rate SetterBusiness profitability and employee earnings estimates

Now add some examples of

anticipated income to see how the

this will impact on the profitability of

the business and also what income the employee might expect to receive.


Rate setter finalising the structure l.jpg
Rate Setter Finalising the structure

You can now amend these figures to see the impact on business profit along with employee earnings.

This can then be saved or printed.


Rate setter producing an offer for the candidate l.jpg
Rate SetterProducing an offer for the candidate

You can also print a version

without costs to support

a formal offer of employment

to the candidate.


Rate setter l.jpg
Rate Setter

That concludes the demonstration.

Thank you very much for watching.

If you would like more information or a live no obligation

online demonstration of any of our products,

please call us on 0844 734 3465 or click the button below

to send us an email

Play the presentation again

Press escape (Esc) to close


ad