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That's if they pay staff salaries. 400K is really only 3.5 FTE's if you assume a baseline of 50K/yr (and that's being very optimistic about some costs).
by olefoo 17y ago
That's if they pay staff salaries. 400K is really only 3.5 FTE's if you assume a baseline of 50K/yr (and that's being very optimistic about some costs).
- ryanwaggoner 17y ago400K is really only 3.5 FTE's if you assume a baseline of 50K/yr Can you elaborate the math you're using here?
- rtyuhjikjh 17y agoSalary * pension * social security * payroll taxes + office space + heating + lighting Normally for 'profesional' staff costs are 150-250% the salary
- ryanwaggoner 17y agoSource?
- rtyuhjikjh 17y agoHaving to sign the checks and meet payroll every month !!!!!
- olefoo 17y agoIn the US in my experience a full-time employee costs around 150% of their stated salary with some exceptions. It varies depending on local regulations and startups can often finesse these costs by doing without office space, health insurance and tax withholding, but payroll overhead will be a part of your spend.