How Pulse Market can save you money

By Sarah Shannon

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Every business is unique and how you allocate resources to navigate your ESG journey is dependent on your strategy and goals. As organisations develop their sustainability strategies, many businesses may not be ready to commit to hiring an in-house sustainability professional due to the significant costs and challenges involved. Instead, they should consider alternative solutions.

Here are key reasons why hiring may not be the most best option for your organisation: 

  1. High Salary and Associated Costs

An inhouse sustainability professional requires a competitive salary and additional benefits, which add up quickly. Check out the example costs below:

  • Annual Basic Salary: €50,000 
  • Annual Bonus: €2,000 
  • Employer NIC Contributions: €5,920.20 
  • Pension Contributions (3.5%): €2,026.21 
  • Private Medical Insurance: €2,000 
  • Company Electric Car: €5,000 
  • Shares/Equity (4.5% of Total Salary): €2,606.41 
  • Total Salary Cost: €57,920.20 + Benefits 

  1. Onboarding and Recruitment Expenses

Hiring an employee is costly beyond just salary. Consider these additional expenses: 

  • Advertising Costs: €30 
  • Agency Fees (2.5% of Base Salary): €1,250 
  • Training Costs (5% of Base Salary): €2,500 
  • Office Setup: €8,000 
  • Communications (Internet, Mobile, etc.): €2,500 
  • Line Manager Resource (12% of Total Salary): €6,950.42 

  1. Ongoing Administrative and Management Costs

  • HR management and payroll processing 
  • Performance tracking and professional development 
  • Legal compliance and regulatory considerations 

  1. Scalability and Flexibility Issues

  • Hiring is a long-term commitment and difficult to scale up or down. 
  • A single employee may not have the diverse expertise required to cover all sustainability aspects. 

Why Our Sustainability Platform is the Smarter Investment 

By choosing our sustainability platform instead of hiring an employee, you: 

  • Save Money: The cost of a software license is significantly lower than the total cost of employing someone. 
  • Access Expertise: Our team of sustainability consultants are on hand to guide and train you, eliminating the need for specialised hires. 
  • Ensure Compliance: Automated updates keep your company aligned with evolving regulations. 
  • Increase Efficiency: AI-driven analytics and reporting reduce manual workload. 
  • Scale Effortlessly: Our platform adapts to your growing business needs without additional staffing costs. 
  • Store data once and use multiple times – manage all your ESG data in one place to replace excel spreadsheets and the headache of data scattered across SharePoint

For a fraction of the cost of hiring a sustainability professional, our platform and consultants provide comprehensive, up-to-date sustainability management, compliance tracking, and reporting—allowing you to achieve your environmental goals more effectively and efficiently. 

Get in touch today

Let’s discuss our rate card and explore what are platform can do for your business.