Employee Cost Calculator

Salary is only part of it. See the true cost of a new hire.

Annual Salary ($) Payroll Tax Rate (%) — typically 7.65% + state Benefits Cost (% of salary) — health, 401k, etc. Other Overhead (% of salary) — equipment, software, space

Base Salary$0

Payroll Taxes$0

Benefits$0

Overhead$0

True Annual Cost$0

True Monthly Cost$0

How this calculator works

True cost = base salary + payroll taxes + benefits + overhead, all calculated as a percentage of salary and added on top. This gives you the real number to budget against — usually 25-40% above the salary you're offering.