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Originally Posted by OnProbation
Just curious. If you hire a minimum wage ($14 hr) employee, how much per hr does it actually cost to hire them with everything included, insurance and such? About 18 hr? thank you. I am in Calif
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Quote:
Originally Posted by 2nd trick op
At the absolute mnimum, in addition to wages, you would have to pay the owner's share of Social Security, Unemployment Compenstion, and workmens' compensation (privately provided, but usually mandated); some exemptions apply here (agricultural work, for example) but even these are being policed more rigidly as we advance (or decline?) toward a post-industrial world.
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For my business we take the wage and add 17.65% to cover the taxes/SS/UE/WC
So $14 X 1.1765= $16.47 an hour is what that employee really costs. Of course this excludes health care costs if the company offers it.