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Can I afford to hire an employee?

Estimate the employee’s first-year cost and see how the hire could affect your business finances.

Designed for Luxembourg businesses.

Your business finances

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Expected Revenue: Enter the total sales (excluding VAT) you expect to invoice over the next 12 months. Use conservative estimates.

Existing Expenses: List all operational costs paid by the company for the next 12 months. This includes rent, software, insurance, marketing, and existing salaries.
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This is the liquid cash currently in your business bank account. It helps determine if you can cover the initial months of salary and equipment costs before your new hire helps generate additional revenue.

About the employee

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In Luxembourg, the gross salary is the amount agreed upon with the employee before tax and social security deductions. Note that your total cost will be higher due to employer contributions (CCSS).
A "Qualified" worker in Luxembourg generally holds an official professional qualification (DAP, CCP, or degree) or has 10+ years of verified experience in the same field. They are entitled to a higher minimum wage.

Hiring assumptions

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Include one-off or recurring costs associated with the new hire, such as recruitment agency fees, work permit/visa processing for non-EU staff, legal fees for custom contracts, equipment (laptop, office chair), and initial professional training.

Your estimate

Enter details to see the calculation.