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My 34k salary does not cost my company 200k, I don't know what benefits you get but for me to cost my company that they'd have to feed me multiple times every d
by ryanmercer 7y ago
My 34k salary does not cost my company 200k, I don't know what benefits you get but for me to cost my company that they'd have to feed me multiple times every day (worth pointing out here, most companies do not provide ANY food or drink outside of tap water) and give me a phone and a car and a bonus or four and I probably still wouldn't get close to costing them 100k. Most people don't make 100k, or anything close to it. The median HOUSEHOLD income in 2016 in the United States was $60,309. Again, household.
The median household income in my state (Indiana) was $54,181 in 2017.
It's my experience many people on HN generally have no clue what most of the country makes.
>The costs to this point (basic salary, employment taxes and benefits) are typically in the 1.25 to 1.4 times base salary range
https://web.mit.edu/e-club/hadzima/how-much-does-an-employee-cost.html https://web.mit.edu/e-club/hadzima/how-much-does-an-employee...
- user5994461 7y agoWorth noting that just like you pay 30% of your salary into rent, the company also pays a two digits percentage of your salary into office space. So when management says the overhead is only 1.25, they clearly missed out on a lot of things.
- ryacko 7y agoJust how large is your cubicle and expensive is your office equipment?
- ryanmercer 7y agoTo -user5994461-, I can't reply directly to you but: Commercial real estate is pretty cheap in most of the country, we have 3 shifts in my building and are open almost 6 days a week, sharing desks with another shift, my company isn't paying thousands of dollars per person per year for this building. Not every place is the bay area with insanely expensive rent and insanely expensive cost of living. I've still seen exactly no one even attempt to explain to me why a payroll company needed to raise 200 million dollars.
- spookthesunset 7y agoWhat the heck are you doing where you are making 34k a year after being at a place for 13 years?
- ryanmercer 7y agoI'm doing better than a lot of my friends, this is America outside of STEM...