So you need to cut costs to keep your business afloat. But without employees, there can't be a business. As Ryan Staffing president Tim Ryan pointed out in last month's Corner Stool, hiring permanent workers has many hidden costs. By hiring through with "temp to perm," companies can minimize those costs.
Check out our Salary and Fringe Benefit Conversion Guide to see just how much actual employer costs are:
Check out our Salary and Fringe Benefit Conversion Guide to see just how much actual employer costs are:
The left of this guide calculates actual employer costs for wage workers. The right calculates for salary employees.
If an employee is paid $7.50 per hour, it actually costs an employer $10.85. Here are some more examples for hourly workers. :
Employee Wage --- Employee Annual Earning --- Employer Annual Cost
$8 --- $16,640 --- $23,978.24
$9 --- $18,720 --- $26,975.52
$10 --- $20,800 --- $29,972.80
$11 --- $22,880 --- $32,970.08
$12 --- $24,960 --- $35,967.36
$13 --- $27,040 --- $38,964.64
$14 --- $29,120 --- $41,961.92
$15 --- $31,200 --- $44,959.20
For your own copy of our Salary and Fringe Benefit Conversion Guide, call our corporate office at 800.665.5627(JOBS) or your area's Ryan Staffing office.
If an employee is paid $7.50 per hour, it actually costs an employer $10.85. Here are some more examples for hourly workers. :
Employee Wage --- Employee Annual Earning --- Employer Annual Cost
$8 --- $16,640 --- $23,978.24
$9 --- $18,720 --- $26,975.52
$10 --- $20,800 --- $29,972.80
$11 --- $22,880 --- $32,970.08
$12 --- $24,960 --- $35,967.36
$13 --- $27,040 --- $38,964.64
$14 --- $29,120 --- $41,961.92
$15 --- $31,200 --- $44,959.20
For your own copy of our Salary and Fringe Benefit Conversion Guide, call our corporate office at 800.665.5627(JOBS) or your area's Ryan Staffing office.
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