




Let's say your company decides on spending the money to hire a medium experience level IT Engineer. The following costs are incurred by the company.
| Average Salary | $50,000 |
| PAYROLL TAXES | |
| Social Security | $3,100 |
| Medicare | $770 |
| FUTA/SUTA | $3,100 |
| Worker's Comp. | $50 |
| BENEFITS | |
| Certifications | $8,000 |
| Health Insurance | $1,200 |
| Vacation, sick days, personal days, bonus | $1,923 |
| Retirement, life insurance etc... | $1,200 |
| RECRUITING | |
| Average monthly cost for on-line advertising for prospective employees |
$6,000 |
| FIXED CAPITAL COST PER EMPLOYEE |
|
| Computer, Software Licenses, Desk, Supplies | $3,500 |
| TOTAL AVERAGE COST PER YEAR | $78,843 |