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There's an app for that. Sorry I meant SaaS. Its 2024 not 2014 after all. remote.com and other similar companies that specialized in employer of record service
by frfl 3y ago
There's an app for that. Sorry I meant SaaS. Its 2024 not 2014 after all.
remote.com and other similar companies that specialized in employer of record services.
For example remote charges $600/month per employee, $30/month for contractor, and provide the tax and legal stuff for hiring in like 200 countries. Thats $7200/yr per employee.
I dont know what it costs per employee if you hire a dozen and provide a 5000/sqft or whatever office space for them to work in. I heard rents in NY are crazy, _may_ actually be cheaper to hire remotely than pay for an office and all the rest. I dont know for sure, I haven't run the numbers.
...I checked quickly. Say 5000sqft. Google says $80-$90/sqft rent annual, lets use $80. Thats $80 x 5000 = $400,000/yr in rent alone. Its $80,000/for 1000sqft, but idk if you can squeeze a dozen people in 1000sqft for 8 hours. Plus you need offices for CTO/CEO/C-whatever-O, managers, conference room(s), 2 washrooms, kitchen/break room/area. And the upkeep, furniture, heating, electricity, water, internet, insurance, security system, whatever else.