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Overhead on an employee (taxes, insurance, equipment, office space, etc.) is at least another 50% of that, call it $20k total. I think you are wildly underesti
by gaius 8y ago
Overhead on an employee (taxes, insurance, equipment, office space, etc.) is at least another 50% of that, call it $20k total.
I think you are wildly underestimating that portion. It's at least as much again, and possibly a lot more. 2-3x isn't unusual.
- nl 8y agoIt depends. It can be way less than 50% for so low wage positions too. Are you counting the cost of some expensive piece of industrial equipment used by a minimum wage person as part of those overheads? Or are you just putting minimum wage people on for more hours, using the same office space others are using at different times?
- _dps 8y agoHaving run a small business myself I know, the hard way, it can be much higher :) I was just trying to pick a small uncontroversial figure.