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How come layoffs are typically only of FTEs and not contractors? Is it because FTEs and contractors are different types of costs like "personnel" as opposed to
by TurkishPoptart 4y ago
How come layoffs are typically only of FTEs and not contractors? Is it because FTEs and contractors are different types of costs like "personnel" as opposed to "project-based resources"?
- ElfinTrousers 4y agoI've heard from HR people that, as a rule of thumb, an FTE costs the company 150% of their salary, e.g. if a company pays an FTE $150k in salary a year, they expect to also spend about $75k on that FTE's benefits (health insurance, retirement, etc.) and administrative overhead.