3 ms·

Note "yearly cost". Between administrative and organizational overhead, taxes, benefits, etc, typically only 50% of that cost is actually taken home as employee

Note "yearly cost". Between administrative and organizational overhead, taxes, benefits, etc, typically only 50% of that cost is actually taken home as employee-visible salary [1] (which the employee then pays income taxes on...). $175k is still a healthy salary especially when compared to other locales, but it's not the $333k that is easy to presume based on GP's comment. [1]: From what I've seen this ~50% number seems to be pretty close to the mark across virtually all industries and jobs. I.e. it's pretty safe to assume that the total cost to your employer to retain you is around double your take home pay.

cma 5y ago
It doesn't seem like that 50% number would just keep scaling with salary. There is a cap on payroll tax [1], administration stuff around administering health, vacation, etc. doesn't change that much, office space.. maybe so with things like the Apple spaceship ($5 billion with capabilities for 12,000 employees; amortized over 25 years would be $16,000 per employee so I wouldn't think so). [1] https://en.wikipedia.org/wiki/Payroll_tax#/media/File:Effective_Payroll_Tax_rate_for_Different_Income_Percentiles_(2010).gif https://en.wikipedia.org/wiki/Payroll_tax#/media/File:Effect...