Determine the Total Cost of an Employee Compensation Package

Hiring a new full-time employee can mean paying quite a bit more than just their salary. Hidden costs can include: paying a portion of their Medicare and social security, worker’s compensation, or paying unemployment taxes.

For your financial health, it’s important to calculate exactly how much you’re really paying out. Many packages include medical insurance, retirement plans, as well as vacation time and other options. Understand the full picture with our calculator below.

 

 

The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.