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I've heard that when you factor in office space, desks, computers, benefits, etc.; the cost of hiring an employee to the company is roughly 2x their gross salar
by cbhl 11y ago
I've heard that when you factor in office space, desks, computers, benefits, etc.; the cost of hiring an employee to the company is roughly 2x their gross salary. (As for income tax, at that bracket, it's something like 40-50%?)
- eots 11y agoIsn't income tax included in the gross salary?
- ghshephard 11y agoSomebody needs to revisit the numbers for capital costs of technology. When a new employee in 1995 cost $50,000, and their Compaq LTE-5300 Laptop, Docking station was $3000 - cost of computer was an issue (Particularly as you needed a lot of service / repair to keep it running, configured) - And you were lucky to get 2 years of service. In 2015, a new employee costs $150,000, and their computer still costs $3000 (or less) - and now lasts at least 2 years, and in many cases, can be stretched out to three years. In Redwood City, industrial/quasi commercial space in 2007 was going for $1.50/sq/foot - figure * 200 per employee = $3600/year for office space. Desk, chairs, cubes, etc.. cost around $1500/employee delivered/installed (Always buy used. Add an extra $600 if you want Aeron Chairs). I would be interested in seeing if anybody has a soup-nuts assessment for all of the office costs for an employee in 2015 in the valley.