What’ an employee REALLY cost? How do you compare a subcontractor’ rate to the hourly rate you pay an employee? What does providing health insurance really add to the bottom line, considering payroll taxes are reduced by pretax deductions? How much does an employee add to your worker’ compensation insurance? You can use this calculator to find out.
What Can You Do With The Employee Cost Calculator Spreadsheet?
- Show an employee the value of their compensation package.
- Use when negotiating a pay increase.
- Compare total employee costs (not just the hourly rate) to subcontractor rates.
- Calculate the minimum billing rate for an employee’ time.
- Budget employee costs more accurately.
- ‚ÄòTest-drive‚Äô various scenarios before committing to a new hire or changing your employee benefits package.