Employee Cost Calculator
True cost of hiring beyond salary.
Enter your values
ⓘ Live results
Results
- True annual cost
- $91,650.00
- Multiplier on salary
- 1.31×
- Employer payroll tax
- $6,650.00
- Monthly cost
- $7,637.50
- Cost per working hour
- $44.06
Quick answer
A typical employee costs 1.25–1.4× their base salary once payroll taxes, benefits and equipment are included.
How to use the Employee Cost Calculator
- 1Enter the base salary offered.
- 2Add employer payroll tax percentage.
- 3Add benefits and overhead per year.
Worked example
Using the values the calculator loads with:
Inputs
- Base salary70000 $
- Employer payroll tax9.5 %
- Benefits per year9000 $
- Overhead & equipment6000 $
Results
- True annual cost$91,650.00
- Multiplier on salary1.31×
- Employer payroll tax$6,650.00
- Monthly cost$7,637.50
- Cost per working hour$44.06
Frequently asked questions
What is the usual multiplier?
1.25–1.4× salary for most roles in the US.
Do contractors cost less?
Their hourly rate is higher but you skip payroll tax, benefits and often overhead.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.