Employee True Cost Calculator

Calculate the real annual cost of a hire — salary plus taxes, benefits, and overhead.

Compensation

Base salary ($/year)

Employer payroll tax rate (%)

US: 7.65% (Social Security + Medicare)

Health insurance ($/year)

Retirement match (%)

Other benefits ($/year)

Dental, vision, life insurance, perks

Overhead

Equipment ($/year)

Laptop, phone, desk — amortised annually

Software & licences ($/year)

Office space ($/year)

Set to 0 for remote roles

Training & recruitment ($/year)

$101,488

True annual cost

1.4×

Salary multiplier

$8,457

Per month

Base salary

$75,000

Payroll taxes

$5,738

Health insurance

$7,200

Retirement match

$2,250

Other benefits

$2,000

Equipment

$2,500

Software & licenses

$1,200

Office space

$3,600

Training & recruitment

$2,000

$75,000

Salary

$17,188

Benefits

$9,300

Overhead

A $75,000/yr salary costs $101,488/yr — a 1.4× multiplier or $49/hr fully loaded. Use this to budget headcount accurately or compare with contractor rates.