Hiring Cost Calculator

While many companies understand that a staffing company can save them time and limit their liability, some feel that using a service is too expensive. The real cost of adding one staff member can exceed 50% above the pay rate.  Sentech can save you all of the below costs!

Hidden Costs                                                                         % of Salary

Recruitment Time & Expenses                                       

Searching, Interviewing,

Recruitment Costs (Internet Job Boards,

Newspaper Ads, Internet Resume Banks)                           

 

Employee Screening

Background Checks, Physicals, Drug Tests                        

 

Administrative Costs

Payroll & Government Record Keeping                                

 

Employment Taxes                                             

Social Security (FICA)                                                          

Federal Unemployment Insurance                                        

State Unemployment Insurance                                           

Local Disability Insurance                                                      

Workers Compensation Insurance                                      

                                      

Company Paid Benefits

Vacations (2 Weeks)                                                          

Holidays   (6 Days)                                                            

Sick Days (5 Days)                                                            

Profit Sharing                                                                     

Health, Dental & Life Insurance                                       

Bonuses & Incentives                                                        

Miscellaneous Benefits

 

Total Hidden Costs                                                      56.56% Average

  2.00%

 

 

  2.00%

 

 

  7.40%

 

 

  7.65%

    .80%

  5.90%

    .08%

  6.10% Average

 

 

  4.60%

  2.80%

  2.33%

  1.10%

12.00% Average

   .30%

  1.50%