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Free tool · Employer cost

Cost-to-company calculator

A salary is never the whole cost. Add the employer's statutory on-costs — pension, NHIS, NSITF and ITF — to see what a hire really costs you.

MonthlyAnnual
True cost to company
₦555,000/mo

11.0% above gross salary

Gross salary₦500,000/mo
Employer pension (10% of BHT)+₦50,000/mo
NSITF (1%)+₦5,000/mo
Total cost to company₦555,000/mo

Estimate of employer statutory on-costs. Excludes benefits (HMO, insurance) and one-off costs. Not financial advice.

Employer on-costs

What sits on top of gross

Pension

Employer adds 10% of Basic + Housing + Transport.

NHIS

Employer adds 10% of basic, for employers with 10+ staff.

NSITF

1% of payroll to the Employees' Compensation Scheme.

ITF

1% of payroll for employers with 5+ staff or ₦50m+ turnover.

FAQ

Common questions

What's included in cost to company?

Gross salary plus the employer's statutory on-costs — employer pension (10% of BHT), employer NHIS, NSITF (1%) and ITF (1%). Benefits like HMO are extra.

Is NSITF on gross?

NSITF is 1% of total monthly payroll, paid by the employer to the Employees' Compensation Scheme.

Who pays ITF?

Employers with 5 or more employees (or ₦50m+ turnover) contribute 1% of annual payroll to the Industrial Training Fund.

Budget headcount with confidence

Vintage People tracks every statutory cost across your whole payroll — so your numbers are always right.