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But doesn't it cost more than $125k to pay a $125k salary? I've been told that it's about 1:1 if typical benefits are involved. So a $125k salary costs $250k.
by mblakele 14y ago
But doesn't it cost more than $125k to pay a $125k salary? I've been told that it's about 1:1 if typical benefits are involved. So a $125k salary costs $250k.
- codewright 14y agoNot sure why you'd think benefits are involved here. And a $125k salary does not cost $250k.
- otoburb 14y agoIt would be great if an HR director could weigh in on how much a $125K salary might cost in total compensation with a "standard benefit package" range for a technologist/programmer/engineer role. The only other data point is from the Bureau of Labor Statistics Employer Costs for Employee Compensation (BLS ECEC) where it shows at the bottom that benefits accounted for around 30% of total compensation and 70% going to wages & salary[1]. On average, this means that a $125K salary would cost a company $179K overall. [1] http://www.bls.gov/news.release/ecec.nr0.htm http://www.bls.gov/news.release/ecec.nr0.htm
- codewright 14y agoIt doesn't cost that much either. [1] [1] Ex-CTO Those ratios are for average salaries, not $125k salaries.