Calculate the long term cost of hiring an employee
Some decisions cost more than we realize – hiring an employee included. Did you know that in the first year of recruiting (if you do it yourself), hiring, taxes, benefits, vacation pay, statutory holidays, onboarding, training, managing and retaining a new employee, you will likely spend 1.5 – 2 x their salary? That’s $90K – $120K for a $60,000/yr employee.
In this article you’ll learn the hidden costs of hiring an employee, access a (free) downloadable spreadsheet to calculate what it costs your business to hire a new employee – and some suggested alternatives if you’re looking for temporary / on-call / part-time business expertise in Ottawa. Read the full article here or simply download the spreadsheet.