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Thread: Employees

  1. #1
    Newbie Member
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    Employees

    When it comes to employees:

    Is there a general rule of thumb or percentage as to how much I need to figure on top of the employees' wage to cover taxes, insurances, etc?

  2. #2
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    Re: Employees

    Probably 1.25 to 1.4 times as much as their salary depending on benefits you provide. Assuming you’re not offering health care or a 401K then I’d say 1.25 would be a safe number.

    How Much Does an Employee Cost You?

  3. #3
    Super Member bsmith0404's Avatar
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    Re: Employees

    Depends on the laws of your state. Some states don't require much if you only have a couple employees, other make your start paying workman's comp insurance if you have 1 or 2. Best advice I can give is to check with your state labor office and know the requirements and the cost for everything, social security tax, WC, ect

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