How the employee cost works
Formula. True monthly cost = gross pay + employer social insurance + end-of-service provision + (yearly costs ÷ 12).
Example. Gross pay 560, plus 12 social insurance, 33.60 end-of-service and 70.83 yearly costs, comes to about 676 a month.
Tip. Social insurance rates differ by country and between citizens and expatriates. Check your country’s current rate.