← Payroll Tools
Hiring Cost Calculator
Estimate the total first-year cost of a new hire, including salary, benefits, recruiting, equipment, training, and ramp-up time.
e.g. 25 for 25% (health, 401k, etc.)
Results
Annual Salary$80,000.00
Annual Benefits$20,000.00
Recruiting Cost$5,000.00
Equipment & Setup$3,000.00
Training Cost$3,000.00
Ramp-Up Opportunity Cost$7,500.00
Total First-Year Cost$118,500.00
Monthly Cost (avg.)$9,875.00
Cost Multiple (vs. salary)1.48x