Do you know how much your employees really cost? You may be surprised to find a number of hidden costs associated with every employee. Utilize our calculator to make sure you’re not missing critical calculation considerations in your cost analysis.
The True Labor Burden Cost Calculator analyzes the variety of expenses associated with each employee. Don’t let hidden expenditures like employee benefits and legal fees stunt your company's future growth. Calculate the true price of your employees by inputting the costs associated and hours spent into the calculator below.
| Multiplier Used to Calculate True Labor Burden Using Simple Calculator | ||||
| Number of Employees | 1-9 | 10-24 | 25-49 | 50+ |
| HR Administrative Costs | 8-12% | 4-8% | 3-6% | 2-5% |
| Source: Simple HR Cost Calculator | ||||
According to the HR Factbook 2015: Benchmarks and Trends for U.S. HR Organizations released by Bersin, the research arm of Deloitte, “Organizations at different levels of HR maturity have very different spending and staffing patterns than their peers. As organizations become more mature, they offer a greater breadth of services and talent initiatives. Organizations at the highest level of maturity (what we call business-integrated HR) spend $4,434 per employee, on average, as compared with just $2,112 among those at the lowest level of maturity (compliance-driven HR).”
Organizational maturity may greatly affect your labor burden cost and should be taken into consideration in your calculations.This calculator provides only a sample of the costs associated with HR and should be used as an approximation tool.