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Fully-Loaded Annual Cost
The true total annual cost of this employee, beyond just their base salary.
Employer Payroll Tax
$6,400
The dollar amount of the employer payroll tax percentage above, in annual terms.
Benefits Cost
$12,000
The dollar amount of the benefits percentage above, in annual terms.
Overhead Cost
$8,000
The dollar amount of the overhead percentage above, in annual terms.
Fully-Loaded Monthly Cost
$8,867
The fully-loaded annual cost divided evenly across 12 months.
Fully-Loaded Hourly Cost
$51.15
The fully-loaded annual cost divided by 2,080 hours, a standard full-time work year (40 hours a week times 52 weeks).
Cost Multiplier vs. Base Salary
1.33x
How many times the base salary the fully-loaded cost works out to. A commonly cited industry range is 1.25x to 1.4x.
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