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The cost of employing someone is roughly double their salary, once bonuses, benefits, payroll taxes and overheads are considered. Plus for many companies, RSUs
by robotresearcher 4y ago
The cost of employing someone is roughly double their salary, once bonuses, benefits, payroll taxes and overheads are considered.
Plus for many companies, RSUs can be an additional significant fraction or even multiple of base salary.
So it's a lot of money, but would pay for fewer jobs than you might think.
It's also possible - I have no idea - that the marketing featuring McConaughy made more money in new sales than it cost. I assume this was the expectation for the deal.
- anonymouskimmer 4y ago> The cost of employing someone is roughly double their salary, once bonuses, benefits, payroll taxes and overheads are considered. This is for a good job. Temp agencies often pull about 30% of the total payment for each temp and permatemp they employ at another company. And they make a profit off of that overhead. And I don't know about the jobs at Salesforce, but I find it odd that the person you're replying to assumed an average $125k per job. That's a really nicely compensated job, even if the $125k is total compensation, not just salary.
- robotresearcher 4y agoTemp agencies have very low overheads. They aren't even paying for the electricity and toilet paper their placements consume at work, let alone medical insurance. Glassdoor says $138K base and $184K total comp at Salesforce for a SWE, with Senior SWE 10% higher.
- anonymouskimmer 4y agoFrom their 10k filing it looks like an average of $255k total expenses (including rent, etcetera) per employee. https://news.ycombinator.com/item?id=35000125 https://news.ycombinator.com/item?id=35000125