True Hiring
Cost Calculator
Calculate the real cost of hiring beyond just salary. Factor in benefits, taxes, recruiting fees, equipment, and onboarding time.
Cost Assumptions
Planned Hires (1)
Total Hiring Investment
Key Insight: The true cost of hiring is typically 1.25x-1.5x the base salary in the first year. Ongoing costs (salary + benefits + taxes) are usually 1.2x-1.4x the base salary annually.
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Receive a spreadsheet to plan and track your hiring budget.
Hiring Cost Factors
Benefits (15-25% of salary)
Health insurance, 401k matching, paid time off, and other perks. Varies significantly by location and company policy.
Employer Taxes (7-45% of salary)
Social security, Medicare, unemployment insurance. Much higher in European countries than the US.
Recruiting Fees (15-25% of salary)
If using recruiters or agencies. Can be avoided with strong employer brand and direct sourcing.
Onboarding Cost (4-12 weeks)
New hires aren't fully productive immediately. Factor in training time and ramp-up period.
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