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Employee Cost Calculator

Find the true, fully loaded cost of an employee.

  • Free
  • No sign-up
  • Nothing is sent or stored
%

e.g. US FICA 7.65% + unemployment; UK employer NI.

%

About 1,880 after holidays for a full-time 40-hour week.

Result

True annual cost
$68,000
1.36× the salary
Per month
$5,667
Per working hour
$36.17
Employer taxes
$4,000
Pension contribution
$2,000
Salary$50,000
Taxes & pension$6,000
Benefits$6,000
Equipment & overhead$6,000

The calculation happens instantly in your browser. The numbers you enter are not sent to our servers or saved.

How to use the Employee Cost Calculator

  1. Enter the salary.
  2. Add employer taxes, pension, benefits, equipment and overhead.
  3. Read the total cost, cost per hour and multiplier.

What does this tool do?

An employee typically costs 1.25 to 1.4 times their salary once employer payroll taxes, pension contributions, health insurance, equipment and office space are included.

The cost per working hour is useful for pricing services, budgeting projects and comparing hiring with contracting.

Why use it?

  • Fully loaded cost.
  • Per-hour figure.
  • Cost breakdown chart.

Privacy

The calculation happens instantly in your browser. The numbers you enter are not sent to our servers or saved. There's no account to create and nothing to install.

Last reviewed by the M2Toolkit team.

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