Employee Cost Calculator
Calculate total burden rate including health insurance, retirement match, payroll tax, equipment, and training.
Calculation Inputs & Parameters
70000
(Default)
6500
(Default)
4
(Default)
3500
(Default)
7.65
(Default)
Total True Cost of Employee
$88,155 / yr
Burden Multiplier
1.26x base salary
Monthly Employer Cost
$7,346 / mo
Benefits & Taxes Total
$18,155
How the Calculation Works
Sums base salary, employer insurance, 401k/pension match, equipment, and employer taxes.
Formula: True Cost = Base + Health + Retirement + Perks + Employer Tax
Practical Worked Example
Given Inputs: 70,000 Base Salary
Calculated Output: True Cost: ~87,000 (~1.25× burden)
- Add insurance, matching, and mandatory taxes to base.
Pro Tip: Hidden costs like onboarding, training, and potential turnover can significantly impact the 'true cost' of a hire.