True Employee Cost Calculator
Calculate the true total cost of an employee including salary, payroll taxes, benefits, and overhead.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Total = Salary + Payroll Taxes (7.65%) + Benefits + Workers Comp + Overhead
The true cost of an employee is typically 1.25-1.4× their salary. This is crucial for pricing services and bidding contracts.
Frequently Asked Questions
How much does it really cost to hire an employee?
Add 25-40% to salary for employer payroll taxes (7.65%), benefits, workers comp, and overhead. A $65k salary employee costs $85k-$95k total.