This doc shows the true cost of a BI professional e.g. in Belgium and the potential savings that can be harvested when doing the same in a nearshoring mode.

1. TimbaLabs June 12
Average Cost of a BI Professional
Cost split per hour for a BI Professional
Gross
Management
& Admin Salary
€ 14,28 19%
Training &
Other Benefits
Facility &
€ 5,66
8% € 33,59
46%
Equipment
€ 5,88
Communication 8%
& Transport
€ 11,08
15% Employer
Salary Taxes
The total cost for a BI professional in Belgium is €73,17/hour on
average. The total amount of actual working days is 176,8 days/year.
The total annual cost is € 97.023. External professionals charge
between € 650 and € 1.300 per day, costing between € 114.920 and
€ 229.840 per annum.
In the fast moving economic climate of today, not investing (anymore) in
BI is not an option. Investing cost efficient however, is.
Sources: Eurostat, Synovate, Jobat, Securex, HRMCoach, TimbaLabs.

2. TimbaLabs June 12
Savings with TimbaLabs nearshoring
Potential Savings over a 1 year period, nearshoring versus non-nearshoring
€ 129K SAVINGS
Even with a small team potential
€ 291K Regular Cost SAVINGS WILL BE OVER 50%*
Small Team (3)
Larger teams will even generate
higher savings, freeing up
€ 196K SAVINGS
substantial amounts of cash for
€ 485K Regular Cost
Medium Team (5)
innovation or new projects.
Nearshoring Cost
€ 337K SAVINGS
€ 970K Regular Cost
Current cost Large Team (10)
* When comparing with expensive external consultants, savings up to 85% are possible
Higher ROI possible with the same investment
The same investment can result in
a much larger team, allowing for
faster implementations, improved
X 2 user satisfaction and a higher ROI
on soft- and hardware
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14
investments
TimbaLabs delivers Business Analytics implementation services
that improve business processes and increase informed
decision making capabilities. We work in a nearshoring mode
with experienced western management, bringing services for
the right price. Our specialization is the IBM Cognos/Business
Analytics stack, Data Warehousing, OLAP and Planning.
Contact:
Your Expert Our Expert BA E-Mail: contact@timbalabs.com
Business Team Team
Phone: +40736085019 / +32488608424
Web: http://www.TimbaLabs.com

3. TimbaLabs June 12
Appendix Calculation Base Data
Per Day Per Hour
Monthly Gross Salary € 3.200 Gross salary for a BI professional
Annual Gross Salary € 44.544 Gross salary + 13th month + double holiday fee € 251,95 € 33,59
Employer Salary Taxes € 14.700 Social security and other contributions (33% on average) € 83,14 € 11,09
Salary Total € 59.244 € 335,09 € 44,68
Communication € 50 Monthly cell phone, internet charges € 3,39 € 0,45
Transport € 600 Monthly operational leasing 1,6 Diesel Hatchback € 40,72 € 5,43
Communication & Transport Total € 7.800 € 44,12 € 5,88
Software € 500 Annual license fees for standard software like Microsoft € 2,83 € 0,38
Windows, Office, E-Mail client and other tools
Hardware provision € 400 Annual provision for equipment like PC, cell phone, printer, € 2,26 € 0,30
Facility costs € 2.400 Office rent/depreciation, maintenance, insurance, security, € 13,57 € 1,81
parking, heating, furniture, electricity, cleaning and others
Consumables € 250 Printing costs, small office supplies, coffee and others € 1,41 € 0,19
Facility & Equipment Total € 3.550 € 20,08 € 2,68
Training (material) € 3.250 Annual investment in training programs and material € 18,38 € 2,45
Other benefits € 4.250 Meal/Eco vouchers, medical insurance, pension plan, € 24,04 € 3,21
representations costs, presents, team building and others
Training & Other Benefits Total € 7.500 € 42,42 € 5,66
Recruitment & Selection Cost € 1933 Average recruitment and selection cost to replace a BI € 10,93 € 1,46
professional with an average employee turnover of 19,33%
(€10.000*19,33%)
Administrative overhead € 7.000 Non activity administration like HR, payroll, accounting, € 39,59 € 5,28
general administration. 1FTE for every 10 employees at
€70000 total annual cost
Employee Management Cost € 10.000 The cost of the time spent on the employee by the total € 56,56 € 7,54
management hierarchy. 1 FTE for every 10 employees at
€100.000 total annual cost
Management & Admin Total € 19.933 € 107,09 € 14,28
Overall Annual Total € 97.027 € 548,79 € 73,17
Productivity Parameters
Weekdays in 2012 261d Training and Education -5d
Holidays -28d Sick days -5d
Official Holidays -10d Other absence -5d
Employee Activity @90% -20,8d Percentage of the day actually spent working. Sources range from 6-30% waste.
Employee Efficiency @95% -10,4d Efficiency of work compared to a specialist.
Total Days Available (7,5h) 176,8d Total effective working days 1 FTE for 1 Year.
Total Hours Available 1.326h Total effective working hours for 1 FTE for 1 Year.
All data is based on realistic figures and/or verified sources. However every situation is different and
actual savings will depend on your specific situation. Data in this document is thus for information only,
no rights can be derived from it.
Don’t hesitate to ask for a taylor made estimate.
Contact: +40736085019 /+32488608424 / contact@timbalabs.com / http://www.timbalabs.com