I am curious about the cost of hiring an employee... what is a fair hourly rate (somewhere in the $7-9/hr area, or am i way off?) also what is the total cost when you include workers comp insurance and payroll taxes (and anything else i am unaware of) If it matters, this business is located in Connecticut and the new hire would only be from May - November. Thanks for your help to those who reply... i have been a frequent visitor to the site but just registered today... good luck on achieving the goal of 2000 members!
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First Employee
- Thread starter D&D
- Start date
lawrence stone
Banned
Go to the off topic forum and there is a labor cost worksheet posted in the thread schools in.
HOMER
LawnSite Gold Member
- Location
- Alabama the Beautiful
Well come on in and get aquainted!!!!!!I asked my accountant what it would cost me based on a flat $200.00 a week salary and she told me it would cost an additional $24.00 in taxes. I can't remember the w/c figures but it would be based on your payroll. You can't factor in the cost of torn up equipment and lost accounts, well maybe you can, probably another 30%, due to some numbskull messing something up so be careful who you hire, at least make sure he has a pulse................thats a good start!
Homer
Homer
someone told me a long time ago:u can hire a man worth $20 an hour, and only pay him $8, but he will still work like hes makin $20. on the other hand, u can hire a man worth $8, and pay him $20, and he will work like yur payin him $8. its hard to find someone with work ethic, and a pulse for any ammt of money, and as for myself, after the cut up mats, broken statues, broken windshields(someone forgot to tighten the edger blade properly), oh and the last guy who unclogged the chute(only problem is the blades were still engaged)im stayin solo, my mental health is very important to me. bobby
TJLC
LawnSite Bronze Member
- Location
- Port Charlotte, FL
Bobbygedd, you took the words right out of my mouth. I have had more than one occasion to expand and take on more work. I choose to stay solo. I see too many guys take on more than they can handle, then have to hire. From what I have seen down here the labor force in this type of field is not the best. I'm sure some guys out there will disagree with me. This just works for me.
Hardy Enterprises
LawnSite Member
- Location
- Vicksburg, MS
These are the numbers that I got from my insurance agents regarding an employee.
Liability insurance (1 million) - $19.71 per $1000 payroll
Workers comp. - $9.86 per $100 payroll
Jay
Liability insurance (1 million) - $19.71 per $1000 payroll
Workers comp. - $9.86 per $100 payroll
Jay
powerreel
Banned
- Location
- Seattle, Wa.
Bobby, was that the guy missing his middle finger?
powerreel
Banned
- Location
- Seattle, Wa.
No, but everytime I see him I give him the finger! I hope all that works out OK.