3 ms·
If you pay an employee $150k, that's $200k-ish fully loaded. If that employee works 2000 hours pa, assume (generously) that 1600 of those are heads down work.
by x0x0 5y ago
If you pay an employee $150k, that's $200k-ish fully loaded. If that employee works 2000 hours pa, assume (generously) that 1600 of those are heads down work. Therefore work costs $125 an hour, ie wait time costs $2/minute. If spending $10k on hardware for a video editor or other professional saves 83 hours over the life of the machine, you're in the black.
- mvdwoord 5y agoSlightly more I would argue as "time cost" rarely is interchangeable between activities 1:1 But otherwise fully agree, sometimes things just make sense for certain people/tasks that seem otherwise absurd for many others