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Employee Cost Calculator

Calculate the true cost of hiring an employee beyond salary. Include taxes, benefits, equipment, overhead, and compare to contractor costs.

The true cost of hiring an employee goes far beyond their salary โ€” payroll taxes, benefits, equipment, and overhead typically add 25 to 40 percent on top. This calculator shows the full picture so you can budget accurately and compare the cost of employees versus contractors.

Compensation
Employer Taxes & Benefits
FICA (Social Security 6.2% + Medicare 1.45%)
FUTA + SUTA + Workers Comp (varies by state)
Employer's share of monthly premium
401k match % of salary
Dental, vision, life insurance, PTO payout
Overhead & Equipment
Laptop, software licenses, phone
Allocated rent, utilities per employee
For comparison โ€” what you'd pay a contractor