The high wages and large amount of on costs associated with employing someone in Australia has seen firms looking at alternative ways to get the work completed by outsourcing to countries were labor cost is lower.Based on the Hayes 2012 employment survey the average administrative person working for a financial planner in Sydney is between $45,000 – $55,000The following table highlights the additional payroll, on costs and cost to provide the infrastructure in house for an administrative member

Salary $50,000.00
Superannuation Component (9.25% of Salary) $4,625.00
Payroll Tax Component (5.5% of Salary + Super + leave loading) $3,041.28
Workers’ Compensation Component (0.82% of salary) $410.00
Long Service Leave Component (2% of salary) $1,000.00
Annual Leave Loading(1.34185% of annual salary. Max :$1,291.10 $670.93
TOTAL COST of Employee Benefits $59,747.20
% on-cost / salary 19.49%
Additional Seat Costs (est. 20%) $11,949.44
TOTAL EMPLOYMENT COST $71,696.64
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