Employees cost much more than their hourly wages. Once you add in the statutory taxes, benefits costs, and personnel administration expenses, the true cost of an employee is typically 40% to as much as 100% above the hourly wage.
Employees cost much more than their hourly wages. Once you add in the statutory taxes, benefits costs, and personnel administration expenses, the true cost of an employee is typically 40% to as much as 100% above the hourly wage.