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Increase of Online Entertainment market size thanks to COVID-19 Pandemic

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Gambling has always been around and it has become even more popular since the creation of the internet. No longer did enthusiasts of casinos go to the physical location to enjoy their favorite activities and it all could be done through the comfort of one’s home. During the events of 2020 Pandemic, the types of players you preferred physical gambling had no other choice but to turn to the online solution. Once the players realize all the advantages of online, and especially Bitcoin Gambling, there’s usually no turning back. While the market has increased for classic online casinos, BTC gambling is the business that has expanded the most during the pandemic, and there are several reasons why.

Online Gambling has become a huge entertainment.

One of the simplest reasons out there is the boredom that people all across the world have experienced due to lockdown. Through these casino websites, people could enjoy a highly rewarding form of entertainment with massive potential financial benefits that can be produced if played right. People started spending more time at home and in term found lots of free time to enjoy various activities. So, this was one of the first and most banal reasons as to why Online Gambling market has increased during the pandemic.

BTC Gambling Reaps unbelievable benefits

Now we can touch on the most important and heavy argument to explain the reason behind the market growth of BTC Gambling. The most important thing here is the Bitcoin itself. In February of 2020, it’s price was around $6000. Today It’s well over $40,000! Now imagine that someone deposited Bitcoin back then and then left it there to play much later. The earnings are simply insane. While you play with Bitcoin, other than the gambling itself you simultaneously enjoy the benefit of its constant and exponential growth in value. Same with all the other cryptocurrencies.

Can Bitcoin Gambling be a form of investment?

BTC Gambling is definitely a form of investment if done right. Like in everything else, it just requires a certain set of skills, luck and intuition to be able to come out as a victor. There are people for whom gambling is more than just entertainment, it’s a daily job. Aside from the casino aspect, if we look at the constant growth of BTC’s and other crypto prices, we can easily deduce that Bitcoin Gambling is just the right fit for people who enjoy wager and risk, as well as the investment possibilities. The best places to find a suitable Bitcoin Casino for yourself are the certified review websites, such as BitcoinGamblers for example. 

Tips to Choosing the Right Internet Plan for Your Business

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Increased access to the internet has empowered businesses with new opportunities, whether it’s reaching a global audience, penetrating new markets, generating leads, improving customer experiences, and leveraging latest technologies.

Choosing the right internet plan for business can, however, be a daunting task for many, given that there are numerous internet service providers in Western Australia offering a variety of packages.

We caught up with NodeOne, a reliable provider of internet plans in Perth, and here are their top tips on choosing the best internet service to optimise your business operations. Let’s get started.

Evaluate the Needs of Your Business

Some organisations require more bandwidth and stronger connectivity, while others can do well with basic plans.

It is crucial to determine how you will use your internet package on a day-to-day basis.

Do you just browse the Internet and respond to emails, or do you conduct the majority of your business online?

Do you often receive and send large files or maybe deal with big datasets that need cloud back-ups?

Finding answers to these questions will help you estimate your company’s Internet consumption, which will enable you to choose an effective Internet plan for your business.

Determine Your Bandwidth Requirements

Unlike Internet speed, which refers to the speed at which files can be uploaded or downloaded, bandwidth is the Internet connection’s ability to handle heavy loads and support more users on the same connection.

If, for instance, your business has 50 employees, all sharing the same connection, plus if you have a CCTV system running 24/7, you will require a high bandwidth to ensure satisfactory speeds and accommodate everyone. However, if you have a small number of users doing routine business, a low bandwidth will get your job done.

Budget Allocation

Better speeds and higher bandwidth may be suitable for business users, but these aren’t cheap.

With a little research, you can find many affordable packages offered by Internet service providers that can suit your budget and your needs.

Be a smart shopper; do not just grab the package you first see.

Also, compare available bundles that come with internet packages and select one that meets your requirements.

Is 3GB of free YouTube in a bundle essential for your business? Or are free calls via Skype or any other package better suited to your needs?

Analyze Connectivity Features

Important factors to watch out for:

Data Cap – What if your usage exceeds the data cap?

Hardware and Installation Fees – Are there additional charges for hardware, installation, and activation?

Technical Support – Is the support system automated or live? Do the customer support staff have sufficient knowledge of business connectivity and networking?

Security – What kind of security measures are available? Is the connection protected against malware, viruses, and spyware?

While some companies may prefer a fixed wireless network with symmetrical and asymmetrical Internet speeds, others may opt for a high-speed nbn™ fibre network, providing speeds of up to 1000 Mbps. Large enterprises, on the other hand, can choose the enterprise-grade nbn™ Ethernet network, capable of delivering symmetrical speeds of up to 1gbps. 

Depending on your business requirements, you have to decide which type of Internet connection works best for you.

Do I Have To Take A Test To Go Back To Office

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In view of the return of many employees to their face-to-face jobs, the Ministry of Health updated two guides at the end of last December with instructions on conducting coronavirus diagnostic tests in companies.

Two fundamental guidelines are extracted from them: screening is discouraged, that is, testing workers who do not present symptoms except in health or social health environments or certain groups or populations.

And the recommended tests for cases with transmission capacity (workers with symptoms or close contact with infected persons) are PCR and rapid antigens, under no circumstances is serological suggested.

Representatives of workers and employers present their own recommendations. The General Union of Workers (UGT) union advocates, in a note published on January 7, to continue teleworking in those positions where it is possible and calls for the vaccination strategy to reach not only health workers but also essential workers and those who cannot keep the minimum safe distance.

Companies can, however, carry out massive tests on their workers. Administrations and unions advise against them but they are not prohibited. The Ministry guide insists, however, that these screenings are always carried out by a practicing physician and that they are related to high transmission in the area or in the target population of the screening.

On the companies side, they are the ones that sometimes carry out virus detection tests on their own initiative. In specific situations they have been promoted by the employer.

The employers’ association Spanish Confederation of Business Organizations (CEOE) and Business Confederation of Madrid-CEOE (CEIM) and the Community of Madrid signed an agreement last November to carry out massive tests in work centers such as Mercamadrid. These tests began on December 29 at a rate of 3,000 a week.

Many companies take their employees’ temperatures on a daily basis, a quick way to do a first screening. It is legal and recommended because this gesture complies with the obligation to guarantee the health and safety of workers . Both the unions and the Ministry insist on the need to convert the spaces into places without dangers or risks.

They recommend the disinfection of work equipment and elements of great contact such as doorknobs, compliance with the minimum distance of two meters and the supply of hydroalcoholic gel. The same measures that were implemented at the beginning of the pandemic.

Carlos Royo, professor in the Department of People Management and Organization of the Esade business school, reports on the precautions that companies take when carrying out massive tests on their workers: “They are very sensitive not to generate comparative grievances as to why some yes and others no ”.

Royo explains the following criteria: “The screening is carried out according to the type of job. Those that are vital for the activity and those that are carried out in person are prioritized ”. This, in regard to preventive screening.

The Ministry’s manual of course insists that the priority when testing is the seriously symptomatic and the most vulnerable. It is about detecting positive cases rather than ruling out those that are not.

The vulnerable group includes diabetes patients, cardiovascular patients (including hypertensive), those with chronic lung disease, immunodeficiency and cancer undergoing active treatment. Pregnant women and those over 60 are considered sensitive.

The PCR test is the only one recommended by the WHO (World Health Organization) for the early detection of the disease, which should be done in suspected cases in the first 24 hours. Anyone with any of the symptoms associated with the SARS-CoV-2 virus, such as fever, cough, or feeling short of breath, is susceptible to being the source of infection.

“PCRs detect the nucleic acid (RNA) of the virus. They report whether the respiratory samples of a person have this genetic material and therefore are carriers of the virus “, explains Antoni Trilla, epidemiologist and head of the Preventive Medicine service at the Hospital Clínico de Barcelona, ​​in the webinar organized by Sabadell Seguros.

These tests are used to diagnose acute disease and should be repeated periodically if necessary to ensure that you do not have the disease continuously. “The test only gives information about the now. It is a photograph of the current state of health, ”says Trilla. It is advisable that if symptoms occur or if you are part of a risk group for possible contagion, this type of test is performed.

Royo points out the importance of combining a good action protocol with good communication of what employees have to carry out. “Workers are tired of working from home and having that feeling back and forth. Communication and the work of middle managers is key to getting the new information, ”he abounds.

Faced with the implementation of a mixed telework and face-to-face system or a zigzag arrangement in the workplace – as examples of plausible regulations in many companies – the professor insists on the need to implement it through intermediate positions. “They have to be committed and empowered so that the impact is not negative.”

Some companies have delegates for the prevention of occupational hazards, who will receive new powers such as ensuring that workers wear a mask or that there is always hydroalcoholic gel available. “The private company by definition is more flexible, so on many occasions it establishes internal regulations in advance of public administrations,” he says.

The professor highlights the role that the Human Resources department – or the People Area, as he prefers to call it – has acquired in the prevention of occupational hazards. “It is at a crucial strategic moment to demonstrate to the General Management that its role is important, that it can form part of the hard core such as Treasury, Finance …”, says Royo.

Dry Eyes: The Ultimate Guide To Dry Eye Treatment

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If you aren’t familiar with dry eyes, it’s an uncomfortable sensation with symptoms like redness, feeling like there’s something in your eyes and tired eyes. These are just some of the several symptoms of the discomfort that having dry eyes can provide, which is why people try to avoid having this. Normally it’s your environment and lifestyle that can trigger having dry eyes, such as being irritated with cigarette smoke or not cleaning your glasses before wearing them. In this article, we’ll be talking about the ways on how to cure dry eyes permanently.

  1. Visit your local optician

Opticians are professionals that have the expertise and background to treat any problem with your eyes. If you’re looking for a quick way to relieve your dry eyes, especially if the sensation is both unbearable and irritable, then an optician will help do exactly that. Opticians will get you the prescription needed for any drops or ointment needed for your eyes.

  • Rest your eyes

This is the most primary way of treating your dry eyes if you don’t want to rely on medications and professional help. Sometimes dry eyes occur because of exposure to dirt and bacteria, which can be irritable for your eyes. Avoid using your eyes to refrain from getting worse and do your best to not exposing your eyes to blue light.

  • Apply a warm cloth

Applying a warm towel may help with the inflammation of your dry eyes. When you’re resting your eyes, having a warm towel over your eyes can feel lessen the irritability of dry eyes. A warm towel may also reduce the blurriness of your vision that comes with having dry eyes.

  • Eat fatty acids

Studies have shown that eating food rich in omega-3 fatty acids can help relieve dry eyes. Examples of this food are tuna and salmon and by incorporating this food into your diet, you’ll be relieving the irritability you feel from your dry eyes. Fatty acids are also known to relieve inflammation, which can benefit your eyes by so much.

  • Fix your environment

When you have dry eyes, it’s a bad idea to go out with the risk of exposing yourself to dirt and bacteria that can worsen your condition. It’s recommended to stay at home and rest instead, where you can reduce the risk of irritating your eyes further. That way, you can reduce the strain you feel in your eyes while also getting better.

In conclusion, I hope this article was able to shed insight into everything you needed to know on how to cure dry eyes permanently. Dry eyes are a hassle to have especially as it can interrupt your daily routine, but it’s nothing you can’t fix with rest and professional treatment. Everyone deals with dry eyes every now and then. If you want to get rid of your dry eyes the fastest way, visiting an optician is the best option for you so they can give you proper treatment for your eyes.

How Secure is Your Money in Online Bingo

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Online bingo has become one of the fastest-growing and most popular titles in the gaming industry. We all agree that most people now have more time in their hands than they have ever had before, and this is also responsible for the increased popularity.

Nonetheless, the more players that get on bingo sites, the more the concern for security over these betting platforms. This article gives comprehensive information on the security measures that these sites and players should take in online bingo.

Check for the license details

This is the first step of ensuring security. Look out for the site’s license and check if they are valid, current, and from an official regulatory body. The license is how regulatory bodies like the UK Gambling Commission and the Malta Gaming Authority put the gaming sites in check. These are the strictest licensing authorities for remote gambling licenses and any Bingo site that falls under these licenses follows the UK’s 10-steps-to-cyver security.

Making payments to the Bingo sites will often come with a deposit match deal. When you deposit using a debit card or eWallet, the bingo site usually gives you’re a welcome bonus or new player bonus such as 200 free Bingo cards or play £5 for a £20 bonus. To save you the time of searching for websites with online bingo bonuses yourself, check out sites like Whichbingo that list all the top UK bingo promotions. You can also play other games at these sites such as video slots and virtual scratch cards which also come with the chance to use a bonus offer.

Identity verification

These licensed Bingo sites ensure that users verify their age and identity before they are allowed to play. They state these processes in their terms and conditions to ensure that only eligible gamers can sign up.

 The Bingo sites verify that players are above the required age and that they are in nations that do not have regulations against such activity.

Check the online rating

The online rating is the view of site users. It can also be an expert opinion of the Bingo site. It is important that you do not spend your money on websites with a low rating, which typically suggests poor customer service and security.

Look for extra security levels

The primary form of security that you would first notice is the secure HTTPS address. There is usually a padlock symbol at the start of the site’s URL on your browser’s address bar if the website is secure.

This security is fundamental and important, but there should also be extra security layers like the 128-bit SSL encryption. This encryption ensures that a player’s personal information is safe and is not vulnerable to third party interceptions and hacking.

Also, do your safety checks

The regulatory commission or association can only do so much to protect gamers, but the onus remains on you to also perform some safety checks. For example, the Bingo website and some other gaming platforms must have a physical space or office to the website where gamers can visit.

So, make sure that the website has a valid physical location. These days, you do not have to physically go to the address to be sure, as you can always use online maps.

Please go through the terms and conditions

Most players find it difficult to read the long pages of any online gaming site’s terms and conditions. However, it is highly advisable to read every word as it is the only way to know how a website operates and handles visitors’ information. Let it be known that no two websites have identical terms and conditions, so you need to read it to understand how the Bingo site differs from the rest and how they operate.

You can even find more information about the bonuses they offer and how to win, like free Bingo tickets, promo codes, or even free spins from the terms and conditions.

Explore other alternative payment methods

If you are uncomfortable connecting your bank details with a gaming site, there are other payment portals on the web that you can use instead. Some Bingo sites allow you to make transfers without putting out your bank details.

Conclusion

You can play online Bingo with no fear of being hacked or attacked, but you first need to be cautious and observe the precautions stated above. There are numerous sites to choose from as Online Bingo is growing astronomically on the web.

Top Reasons to Immigrate to Canada from the UK

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Moving abroad can be exceptionally overwhelming, considering all the forms and lengthy processes that come along with it. But as 2021 unfolds, Canada has announced new immigration programs, relaxed admission requirements, and higher immigration targets over the next three years. More than 1.2 million people will have the opportunity to relocate to Canada permanently by the end of 2023, and you could be one of them!  

But, with so many destinations to choose from, what makes Canada stand out from the rest? Here are some of the top reasons to immigrate to Canada from the UK.       

Why Canada? 

Canada is a vast beautiful country, the second-largest in the world in fact, with one of the highest quality of life globally. Although the UK and Canada both have a very high standard of living, they do differ in certain ways. Let’s take a look at just some of the reasons British immigrants are making the move to Canada from the UK.  

Cost of Living

Both the UK and Canada have a high cost of living. However, according to numbeo.com, the UK seems to be slightly more expensive than Canada. In a comparison between two of the most expensive cities to live in globally, Toronto (Canada) and London (UK), the food, rent, and transportation costs are actually higher in the UK.      

For example, an apartment in London, on average costs around CAD$2919.25 compared to CAD$2114.11 in Toronto, Canada’s most expensive city. Some of Canada’s smaller cities are, however, not as expensive, and once you’re living and working in Canada (read more here about working in Canada), you’ll find it much more affordable than if you’re simply converting pounds to dollars.    

Quality of Life

Although both the UK and Canada offer free education and healthcare, there are a few factors that push Canada’s quality of life to a higher level than that of the UK. For example, Canada is ranked 6th on the Global Peace Index, whereas the UK comes in at number 45 globally, making it one of the safest countries to live in.    

Canada is also one of the most beautiful countries to live in in the world, with vast rolling landscapes, rugged coastlines, and awe-inspiring lakes and mountain ranges to explore on your doorstep. And the best part is that you won’t have too much of an adjustment when it comes to chilly winter weather, and you’ll also be able to enjoy four glorious seasons when you immigrate to Canada from the UK.   

People

If Canadians are known for anything (other than ice hockey and maple syrup), it’s their warmth and welcoming nature. In fact, Canadians are so welcoming that an “apology act” was adopted to avoid being wrongfully held liable in court simply because of how often the phrase “I’m sorry” is used. 

Canada also has one of the most welcoming attitudes towards immigrants and believes that immigration is the key to development and growth, inviting over 400,000 foreigners to apply for permanent residence every year, including in 2021. 

What Are My Immigration Options?

If all of these amazing benefits sound like something you could get used to, you might be asking yourself what your Canadian immigration options are from the UK? First, you will have your choice of over 100 immigration programs and visas to choose from. However, one of the fastest and simplest ways to get permanent residency in Canada as a British immigrant is through the Express Entry system.

This is Canada’s primary immigration draw, for which applicants will need to create profiles containing information about their age, education, language skills (English and/or French), work experience (if any), and the ability to adjust to Canadian life. Candidates are ranked against each other and entered into Express Entry draws, which take place every two weeks. Thousands of the highest-scoring applicants receive invitations to apply (ITA) for permanent residency in Canada every month through these draws, enjoying processing times of as little as just six months!       

Do these reasons to immigrate to Canada from the UK have you inquisitive about Canadian immigration visas and programs?  

Discover what your best options are and get more information about the Canadian visa application process is by visiting CanadianVisa.org.              

Prisa Sells Its Radios In Argentina

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Prisa sells its radios in Argentina after “management problems”. Among the three radios sold is Radio Continental, one of the most powerful signal and historical stations in the country. Carlos Rosales, treasurer of San Lorenzo, has signed the purchase.

Grupo Prisa sold the three radios it had in Argentina, an investment dating back to 2005 and with which the Spanish media group never felt comfortable.

Among the radios sold is Radio Continental , one of the most powerful signal and historical stations in the country. Prisa also sold two FMs, according to the businessman Carlos Rosales, treasurer of San Lorenzo, one of the big five in local football, which months ago Garbarino, one of the best-known electrical appliance sales chains in Argentina, bought.

Continental and the two FMs were owned by Grupo Latino de Radio , a subsidiary of Prisa. Details of the figures involved in the operation were not known.

Juan Luis Cebrián, then head of Prisa, admitted in 2013 to the newspaper La Nación that the purchase of Continental had not worked due to “management problems”, and added: “That was our fault.”

He also assured that the future of Prisa was on the American shore of the Atlantic, while admitting the difficulties with the government of Cristina Fernández de Kirchner for the editorial line of Radio Continental.

“We have created a new general direction to promote Latin American radio stations so that without losing their respective national autonomies, they have greater international synergy,” Cebrián added in that interview.

The new owner of Prisa’s radios in Argentina plans to promote FM, to which the previous owner did not pay much attention, and to sustain Continental’s current programming.

Prisa comes from months of turbulence, with the departure of its president, Javier Monzón , and a purchase offer by Blas Herrero, owner of the media group around Kiss FM. The offer of 200 million euros was considered insufficient by Prisa, which did not even study the interest expressed informally by those responsible for Vocento in acquiring the media of the group that controls El País or Cadena Ser.

Inside IR35 Or Outside IR35

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When it comes to ensuring that your contracts sit outside of IR35 you need to make sure that your working practices align with your clients. Contracts will need to be checked for each assignment, and they must contain the right information to ensure that they back your status as someone self-employed because this is the difference between being outside or inside IR35.

Deciding IR35 Status – Three Principles to Consider

It’s a complex situation when deciding whether IR35 applies to your assignment, but there are three principles to consider.

  1. The first relates to supervision, direction, and control and how your end client controls how, when, and where you carry out your contract.
  1. Secondly, substitution is another consideration, and you will need to think about whether you are expected to carry out the work yourself or send a substitute in your place?
  1. Finally, mutual obligation relates to whether the client is obliged to provide work and whether you are obliged to take it.

So, regardless of whether you work in the public or private sectors, these principles will stay the same. The onus will be placed on you to show that they do not apply to your working practices or your contract to be outside.

The Principles in Depth

Supervision relates to how your clients supervise your work, while direction will relate to how your client dictates how you complete the assignment. The control element is associated with how a client might dictate the work you do and how you do it.

If you want to be considered a self-employed contractor, then these clauses should not be included in a contract.

Substitution and whether you can provide a substitute is another test of employment. If you can send a substitute to complete the work and carry it out without your input, then it is likely that the contract will be outside IR35. In contrast to this, if the client only wants you and your skills and is not interested in a substitute, this could signify that you are not self-employed but an employee.

As far as mutuality of obligation goes, there are two main obligations to consider, and these are:

  • One party is obliged to offer work.
  • The other party is obliged to accept work if it is offered.

Essentially, a contractor has to move from project to project, with no obligation to continue working for a client once the work has been completed. What this means is that a contractor can also end a contract even if it is partially complete. In contrast, an employee can only work for one company with the obligation to continue working beyond the completion of tasks.

It’s also crucial to look at your contract and determine whether it permits you to take on additional projects. If the client is seeking exclusivity and stipulates that you must work a certain number of hours each week and take on work that they offer, you would be considered inside IR35.

Additional Factors That Influence IR35 Status

While the areas mentioned above are the main areas, other elements can impact whether you are outside or inside IR35.

How you are paid will impact your status. Commonly, a contractor is paid upon completion of the work, which is unlikely that of an employee whereby regular payments are received. If your contract indicates that you can only have a single client, you are likely an employee, while you should also use your own equipment and not that provided by the client.

The premises will also have an impact as that should identify where you carry out the work. At the same time, IR35 could affect you if you have any involvement in the corporate structure, and this can relate to being given access to their building whereby the pass does not label you as a contractor.

If your contract contains regular and guarantees work on a weekly or monthly basis, it’s going to look as though you are an employee instead of someone self-employed. Along with this, contractors are also required to rectify work in their own time, while professional indemnity insurance is another sign that you are self-employed.

If employee-like benefits are included within your contract, then you are going to be inside IR35, but Agency Workers Regulations will have an impact on those contractors who are using an Umbrella Company. As a result, Agency workers are provided the same benefits as those employees who are permanent.

Those contractors that become a part of the organisation in ways such as having staff report to them or being included in the organisation charts could fail IR35. Therefore, it’s important to make sure that they remove themselves from the inner workings of the organisation. It’s vital that the contract clearly indicates the intentions of both the client and the contractor. The work should be identified, but should the parties’ intentions not reflect those in the contract, HMRC will look beyond this.

There are a few other things to consider: having the ability to demonstrate that you are actively in business on your own. While you might not have staff or stock, you are likely to have an office or a website, and you might even be VAT registered, all of which will indicate that you are self-employed.

Your IR35 status is vital, and that can mean that it’s essential to obtain advice where necessary as this will provide peace of mind. Overlooking even the smallest of details could result in an inspection, and that could lead to you facing significant fines.

Can You Sue an Employer for a COVID-19 Death?

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The COVID-19 pandemic presents hazards to us all, none more so than workers who may be exposed to the virus during their course of employment. While this is an emerging field, many people are suing their employers due to coronavirus exposure. You may sue an employer over a COVID-19 death, though there are several hurdles to clear if you seek to obtain damages. Whether or not this is possible remains to be determined for many cases and often depends on the employer’s duty of care and the burdens they placed on their employees.

Current Wrongful Death Lawsuits Against Employers Due to COVID-19

There are several current lawsuits you may wish to know about if you intend to file a wrongful death lawsuit on behalf of someone who you believe died as a result of COVID-19 contracted on the job. While more cases are being filed almost daily, some of the existing ones are the following:

In each of the above cases, the families of the victims argue that the employer was in some way negligent and disregarded their basic duties to protect their workers from the virus. While these cases have yet to be ruled on, establishing that an employer was negligent in this regard is likely a critical component of any successful case going forward.

What is a Duty of Care?

The law holds that employers are responsible for a certain level of care for their employees, and if they violate this duty of care, they may be held liable for any injury or death that is visited on their employees as a result of their negligence. Employers that knew of the dangers of the virus and took steps to withhold this information from their employees, denied them PPE, encouraged unsafe working conditions, or otherwise knowingly endangered their employees are especially vulnerable to wrongful death lawsuits.

However, given the novelty of the virus and its wide-ranging presence, proving that a worker contracted the virus on the job can be difficult if not impossible. This presents a massive hurdle to wrongful death lawsuits due to COVID-19 in the workplace. An experienced wrongful death lawyer can be a vital partner for you as you navigate this complex and evolving field to obtain compensation for your losses. Learn more on Onmyside.com.

How Do I Prove Wrongful Death in Louisiana?

In order to prove wrongful death in Louisiana, the guilty party must fulfill the following conditions:

  • There was a death of an employee of the company
  • The employee’s death is related to negligence on the part of the company or a willful desire to cause harm
  • The survivors of the deceased face a financial burden as a result of the worker’s death

It remains to be seen with what success families of COVID-19 victims can successfully sue the employers they believe are responsible for the death. Working with a lawyer who has handled previous wrongful death lawsuits can give you an advantage and may be what you need to obtain the compensation to which you’re entitled.

The loss of your loved one will be felt by you and your family for years to come. The emotional and financial toll can be incalculable, making it important to seek out ways to obtain compensation from an employer who you believe is responsible for your loved one’s death. If your loved one died from COVID-19 and you believe they contracted it in the workplace, do not hesitate to seek out a lawyer to explore your options to obtain compensation.

How to calculate labour costs: A small business owner’s guide

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Business owners need to deal with a number of major operational costs like rent, inventory costs, labour costs, and a few others, depending on the industry.

This article will focus on the last item in the list, and explore what labour costs really are and how to calculate labour cost. 

Business owners looking to stay on budget and maximize profits must accurately account for labour costs.

Otherwise, it’s easy to overspend or undercharge, and that’s no way to run a business.

However, many small business owners struggle with the challenge of keeping their labour cost low. So, what is involved in this labour cost calculation process exactly? 

What is labour cost, and why do business owners need to calculate it?

Labour cost is the total amount your business spends on employees, including pay for hourly and salaried workers, as well as employee benefits and taxes.

If you are a manufacturing or production-oriented business, then the amount you spend on labour costs also impacts your business’s prime cost like total cost of goods sold plus other costs. This is the metrics that many business owners use to examine their business’s efficiency and margins.

So, it is essential to remember that labour costs are far more than hourly or salaried wages.

But in fact, labour costs include such expenses as payroll taxes, overtime, employer national insurance contributions, bonuses, sick days, maternity and paternity pays, vacation days, insurance, benefits, meals, supplies, training costs and more.

Basically, you can consider anything even remotely related to employee wages as a labour cost. Here’s how to calculate labour cost.

How to calculate labour cost?

Calculating the total cost of labour is a little more complicated than simply adding up the total cost of all the payments. The following is a step-by-step guide to calculating the total labour cost of an employee.

  1. Calculate the gross payment 

For an hourly employee, the gross payment is simply the number of hours worked multiplied by the hourly rate. For a salaried employee, it is simply the salary an employee draws during a given period.

For example, when an employee works full time, they will potentially work 2,080 hours in one year (40 hours x 52 weeks). So you’ll start with this equation:

  • Gross Pay = Pay Rate x Gross hours
  • Gross Pay = £15/hour x 2,080 hours
  • Gross Pay = £31,200
  1. Calculate the additional labour costs

Add together the costs of each payment or benefit like Overtime wages for non-salaried employees, payroll taxes paid by the employer, bonuses, sick pay, vacation days, paid training, employer contributions to retirement accounts, employer-paid health and life insurance.

  1. Calculate the total labour cost

Add together the gross payment and any additional labour costs to find the total labour cost for each employee.

  • Total labour cost = Gross Pay + Additional labour costs

Depending on what you are doing, you may choose to calculate the total labour cost for a year, a week, or the predicted timeframe of a specific project.

The importance of total labour costs

Total labour costs have many implications for small businesses and small business owners.

Correctly calculating total labour costs can help you budget for upcoming projects and appropriately price your products or services.

It can also help you to plan ahead for how many employees you can afford to hire, how many projects you should take on, and which projects are worth your time.

If customers pay your small business on a per-project basis, it is critical to use total labour costs when generating estimates.

If you only include the gross labour costs in your estimate, you will under budget for labour.

When the project is complete, you will need to increase the cost of labour, which may disappoint your customer, or take the additional labour costs out of your profits, which will disappoint you.

Final thought

The dynamics of managing finances in a small business can be intimidating.

Hopefully, this guide on how to calculate labour cost gives you a more straightforward path towards managing the financial future of your small business.

Just keep in mind that calculating labour cost is only helpful to your business if those calculations are accurate.

So, if there is any uncertainty around your labour costs, including how much you’re paying in benefits or taxes, make sure to talk to accountants in Central London for further guidance.

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