October 26, 2016 Bill Demartini

Calculating the True Cost of Hiring an Employee: A Free Resource

For many churches (and businesses too), their number one expense is their staff. Even if you don't offer benefits or paid vacation, there are a number of other expenses associated with hiring employees. This practical tool can help you calculate the true cost.
For many churches (and businesses too), their number one expense is their staff. Even if you don’t offer benefits or paid vacation, there are a number of other expenses associated with hiring employees.

Some of these costs include Social Security Tax, Medicare Tax, Federal Unemployment Tax, State Unemployment Tax, Workers Compensation Insurance, etc.  Add these to Health, Dental, Vision, Disability, Life Insurances, Bonuses, 401k, and paid time off, and you can see that the “true cost” of hiring an in-house employee can be a lot more than you originally thought or budgeted for.

That’s why our team at MAG Bookkeeping has designed a simple calculator that can help you get an idea of what that “true hiring cost” might look like.

And we’d like to share it with you for free!

Click Here to Download our Employee Burden Calculator

 

Photo credit: pixabay.com via pexels.com

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Bill Demartini

Bill Demartini

Bill DeMartini is the Marketing Manager for MAG Bookkeeping. Before joining MAG Bookkeeping, Bill attended the University of Georgia and worked for over 10 years in the B2B software space.
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