Good points. Thanks! Definitely need to take care (1) and (2). I am also concerned about the true $-value of the developer. Say I hire one for $200,000 per yea

Good points. Thanks! Definitely need to take care (1) and (2). I am also concerned about the true $-value of the developer. Say I hire one for $200,000 per year, is that all the money my company would spend on him? Or is it going to be more than that? Are there any other hidden costs I am not seeing right now? For example, one thing that came up in my mind is team offsite events which we have. That's not part of the compensation package on paper but our company does have to bear some extra expenses for every new developer. Fortunately, it is not a large amount to worry about. But I am worried if there is any large amount that I need to worry about and I am missing out in my analysis.