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this post was submitted on 02 Aug 2024
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Probably significantly fewer. Here in the UK someone's salary is about half of what it costs a business to employ them. It might be more than that in the USA but there will be other non-salary costs per employee.
Looks like the rule for the US is much different, only 1.25-1.4x the salary in total costs. That average salary is probably only correct for a junior employee though. But you can safely assume it’s around 100k at least per employee.
I appreciate the comment, but is 24 employees really that much better than 40? He spent the money on cars for crying out loud.
The most common number for fully burdened payroll in the US is around 120%. It’s very region, industry, and company specific though.