3 ms·
Sorry, that's just wrong. Answer this question: How much should an employee make a company in order to be able to justufy HIRING her and paying her $100K per y
by rebootthesystem 11y ago
Sorry, that's just wrong.
Answer this question: How much should an employee make a company in order to be able to justufy HIRING her and paying her $100K per year. Remember hiring cost money beyond the obvious, there's everything from opportunity cost to up to $25K headhunter fees. Same for wages, it doesn't stop at $100K.
Feel free to take 90 day, 6 month, 12 month and 5 year views.
If you can't answer this question with a simple mental calculation and need to do a bunch of research and calculations you really don't understand business.
Oh, yes, you should immediately ask a few questions: Type of business? Number of employees? Business phase/stage? Average profit margin? Country, city, state/province? Average overhead? Capex? And more?
Feel free to answer these and other questions to create a business profile and then answer the question about hiring a $100K employee.