[Infographic] How Much Does an Employee Cost?

Posted by patriotsoftware under Human Resources
From https://www.patriotsoftware.com 3001 days ago

Benefits, bonuses, uniforms, coffee—the extra costs of hiring an employee can add up VERY quickly. Before you decide to add to your small business team, make sure you understand the true cost of an employee. This infographic breaks it down.

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Comments

Written by lyceum
2998 days ago

Thanks for your reply. I will check out your guide later on.

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Written by lyceum
2999 days ago

Sounds like a good idea! How are the different tax situations in the local states, having an impact on the total cost?

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Written by patriotsoftware
2999 days ago

Another excellent question! There are different tax rates at the state AND local level in the US. Because of this, an employer in Arizona (for example) could pay very different payroll taxes than an employer in Ohio (one of the 12 US states that charges local income tax). It's definitely important that employers check their state's tax and insurance rates.

Complicated, I know. We even put together this payroll tax guide just to help US employers sort all these details out: https://goo.gl/PORI3h

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Written by lyceum
2999 days ago

Have you compared with other countries? In Sweden it has been that it cost an employer at least SEK 3 for every krona SEK the employee gets in his / her salary.

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Written by patriotsoftware
2999 days ago

Great question, Lyceum! We only did a breakdown of costs for US employers, because that's where our expertise lies. But a comparison of countries would be cool.

Let's hope some international bloggers share their average employee costs in the comments!

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