RemoteHire®

Employee Costs

One has to consider several factors in calculating the fully loaded cost of an employee to a company. For most companies, the fully loaded cost for each employee ranges. For most companies, the fully loaded cost for each employee ranges between 40-60% above the employee's salary and incentives - as per some of the factors listed below which vary per company and per position.

General factors to be considered in calculating an employee's "fully loaded cost":

  • Salary, Incentives, Commissions, Bonuses, Rewards
  • Insurance - Health, Unemployment, Disability, Life, D&O, etc.
  • Paid time-off - vacation/sick/public holidays, Maternity/Paternity leaves
  • FICA & Miscellaneous Taxes
  • Retirement Planning/401K
  • Office Infrastructure (office space, furniture, utilities, power generator)
  • Office Equipment (Computer, Software, FAX, Printer, UPS, Copier, etc.)
  • Telecom & Internet
  • Operational/Functional Management & Oversight
  • HR & Administration
  • Finance & Payroll
  • Relocation
  • Severance
  • Miscellaneous Fringe Benefits
  • Parking, Tolls, & Transportation
  • Training & Education
  • Meals, Gym, Annual Celebrations
  • Child Care
  • Salary, Incentives, Commissions, Bonuses, Rewards