Well, FICA and Medicare add 7.65%. And Illinois unemployment insurance can be up to something like 7% depending on the company’s history. Then there’s workmans comp insurance.
Plus benefits. Plus overhead like a desk to work at or a vehicle to drive, utilities, insurance, cost of doing HR and payroll. So yeah, that $12/hr guy could cost $40K to $50K per year, depending on benefits. From: Paul McCall Sent: Wednesday, March 09, 2016 8:15 PM To: [email protected] Subject: Re: [AFMUG] Yearly cost of a full time employee Multiply by 1.8 to 2.0 depending if there are benefits. From: Af [mailto:[email protected]] On Behalf Of That One Guy /sarcasm Sent: Wednesday, March 09, 2016 9:08 PM To: [email protected] Subject: [AFMUG] Yearly cost of a full time employee If you have a 12 dollar an hour guy, what's the overall cost of that employee in real dollars on average annually? I assume it varies by state, and incidental benefits. But straight wage and average secondary costs with no benefits. Is there an employer calculator out there for this sort of thing?
