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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 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.
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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
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