Estimate the real hourly cost of an employee after paid time off, payroll taxes, insurance, and benefits. This helps you price jobs off true labor cost instead of just hourly wage.
Enter the employee's regular working hours and pay rates. Overtime is optional.
These hours are paid, but not billable. They still raise your real labor cost.
Social Security (6.2%) and Medicare (1.45%) are calculated automatically. Enter the rest as percentages of payroll.
Add any other annual employee-related costs you want included in burden.
This shows what the employee really costs per productive hour after wages, paid but non-billable time, taxes, insurance, and benefits.
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