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Can you explain why there would be 100% salary overhead? This seems quite high as a non business owner/operator.
by vtlynch 10y ago
Can you explain why there would be 100% salary overhead? This seems quite high as a non business owner/operator.
- tjohns 10y agoTaxes, health care, other insurance (disability, etc.), and other benefits (401k, etc.) are a significant fraction of the cost to employ someone. These things are not cheap. The standard overhead is (I believe--correct me if I'm wrong!) anywhere from 25% to 100%, depending on your base salary and how competitive the benefits package is.
- bkanber 10y agoAt our company the overhead is about 40% of the salary, and could easily reach 80-100% with bigger and better benefits packages.
- zachlatta 10y agoEmployer taxes, standard benefits (health, vision, dental, etc), extra benefits (like free food, budget for books, and other niceties), and office space.