Employee Cost Calculator
Calculate the true total cost of an employee including taxes and benefits.
Details
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Result
Total annual cost
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Base salary—
Payroll taxes—
Annual benefits—
Cost multiplier—
Effective hourly rate—
The true cost of an employee is typically 1.25–1.4× their base salary. This includes payroll taxes (US: 7.65% FICA), health insurance, retirement contributions, equipment, and other benefits. Use this to budget headcount accurately.