The True Cost of an In-House Employee

When considering the cost of an in-house employee, salaries don’t even begin to tell the full story:

Additional costs on top of a $75,000 salary can include:

6.0%
 
 
Unemployment Tax

$4,500

1.75%
 
 
Medicare

$1,312

1.25%
 
 
Workers Comp

$938

= an addition of

$11,400

 
 

Then factor in that:

 
 
Replacing an average employee costs $14,500 (1)
$14,500
 
 
The price of a desk can be as much as $15,000 (2)
$15,000
 
 
Hiring a new employee costs $5,000 after recruitment expenses (3)
$5,000

= an addition of

$34,500

 

Plus:

It can take 1 to 2 years until an employee is fully productive (4)

Management, admin and vacations affect a company’s costs

Each employee needs their own software and hardware. This can be thousands

= significantly more time and money

 
 

Initial salaries don’t even begin to tell the full story

Our Managed Service Includes:

Recruiting

We recruit the best candidates for you

Training

We train to hit your KPIs from the start

Management

We have a whole team behind our Reps to ensure your success

Admin

We take care of all the costs and admin that come with employees

And the technology your team needs to succeed:

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CEO - Michael Bayan
DirecTech Labs
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“Using CloudTask's Support Services, we improved our customer satisfaction score by 8% whilst reducing our costs”

CEO - Kieron Zabow
GoDataFeed

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  1. https://www.accountsandlegal.co.uk/small-business-advice/average-employee-costs-smes-12-000-to-replace
  2. https://allwork.space/2018/05/average-cost-per-desk-in-san-francisco-in-2018/
  3. https://recruiterbox.com/blog/the-cost-of-hiring-new-employees-infographic
  4. https://recruitshop.com.au/long-take-employee-fully-productive/