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!