The Cost of Hiring a Full-Time Employee?
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- Base Salary (Midwest) $17.52..........................
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$36,442
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- Legally Required Benefits - 8.4% (Social Security, Medicare, FUTA, SUTA & W/C)............
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$3,061
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- Payment for time not worked - 6.8%
(vacation, holidays, sick time)................
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$2,478
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- Insurance-Health, Life, STD, LTD 8.4%.............
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$3061
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- Retirement and Savings - 3.6%........................
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$1,312
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- **Administration costs
(Recruiting, training, HR records).................
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$2,100
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- Equipment and supplies.................................
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$4,200
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- Rental space of in house employee.................
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$2,250
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ANNUAL TOTAL................................................ |
$54,904 |
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SOURCE: United States Department of Labor, December 2007.
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These costs assume a stable staffing situation.Hgh turnover can double
adminstration costs. |
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If you are in need of administrative assistance, call Laurie's Office Support. You'll save on overhead costs and have more time to devote to your core business.
We're available short term and long term for individuals, start-ups or established businesses.
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