3 ms·
For a small company making an effort to offer benefits comparable to a large company, such as through a PEO[1], the price tag will run $6k-$10k annually per emp
by mmt 16y ago
For a small company making an effort to offer benefits comparable to a large company, such as through a PEO[1], the price tag will run $6k-$10k annually per employee, inclusive of payroll, compliance, and fixed employment taxes. A deferred compensation retirement plan (aka 401k) could run another $1k . Employer-side Social Security is 7.65% of salary.
[1] Professional employment organization, aka "employee leasing"
- tptacek 16y agoWe offer these benfits and these numbers are in the ballpark without using a PEO (think "collective bargaining union of small companies").
- mmt 16y agoThanks for the different method of confirmation. I've found a PEO, itself, tends to cost $100-$500[1] monthly per empployee. How much (presumably in time, not dollars) does the collective bargaining cost you? [1] At 4 employees