What is your investment in your employees?
Assume you hire someone at $15 per hour ($31,200 annually):
What does this mean to you?
$15.00
1.90
1.34
.58
1.36
.65
.03
$20.86
71.9%
9.1%
6.4%
2.8%
6.5%
3.1%
0.2%
100%
Hourly wage rate
Legally required benefits/payroll taxes
Paid Leave
Supplemental pay
Insurance
Retirement & savings
Other benefits
Additional cost of $5.86 per hour ($12,189 annually) above the wage rate of $15 per hour
If the employee does not work out, unemployment, worker's compensation and other liabilities can be additional hidden expenses that cost your company a great deal of money. Jeane Thorne can payroll service this person with a cost savings to you, while offering medical, paid time off, holiday pay and additional benefits. We will also provide management assistance and free software training. This saves you time and money and allows you to focus on your business.
Interested in saving time and expense? Contact your Jeane Thorne office today for more details.
