Hiring Cost in Pakistan
In this hypothetical scenario, an employee with a gross annual salary of PKR 999,999.96 incurs additional employer costs, resulting in a total annual cost (Hiring Cost in Pakistan) of PKR 1,188,895.92.
The breakdown of the total annual employer costs includes life insurance at PKR 7,296.00, gratuity fund contribution at PKR 83,300.04, EOBI (Employee-Old-Age-Benefit) at PKR 15,000.00, and a prorated festival bonus/13th-month salary at PKR 83,300.04.
These additional costs, comprising various mandatory contributions and bonuses, highlight the comprehensive financial considerations involved in employer expenses in Pakistan.
Breakdown Hiring Cost in Pakistan
Gross Annual Salary PKR 999,999.96
Total Annual Employer Costs PKR 188,895.96
Life Insurance PKR 7,296.00
Gratuity Fund Contribution PKR 83,300.04
EOBI (employee-old-age-benefit) PKR 15,000.00
Festival Bonus (prorated)/13th month Salary PKR 83,300.04
Total Annual Cost PKR 1,188,895.92
