Employee Cost Calculator
The true cost of hiring beyond the base salary
Calculator
Calculate True Employee Cost
Enter salary and benefits to see total cost of employment.
Frequently Asked Questions
How much does an employee really cost?
Typically 1.25x to 1.4x the base salary when you include employer FICA (7.65%%), benefits, PTO, insurance, and overhead. A $60,000 salary often costs $75,000–$84,000 total.
Employee vs contractor: which is cheaper?
Contractors are cheaper per-hour (no benefits, no employer FICA, no PTO). But they cost more per-hour in wages to compensate. Contractors make sense for project work and specialized skills; employees make sense for ongoing, core business functions.
Employee Cost Calculator
Calculate the true cost of hiring an employee beyond base salary. Includes FICA, health insurance, 401k match, PTO cost, workers comp, and overhead.