What does a new hire really cost?

Annual pay for this role before taxes and benefits. For a part-time or contract role, enter what you expect to pay across a full year, not an hourly rate.

The employer share of payroll taxes, paid on top of wages. Your payroll provider's reports show the rate you actually pay. Enter 0 for a 1099 contractor.

Health insurance, retirement match, workers' comp and paid time off, as a share of pay. Unsure? Divide last year's premiums by last year's total wages.

Money spent once to get the role going: job ads, recruiter fees, background checks, laptop, phone, tools, uniforms, licenses and training materials.

Months until this person is working at full speed. Think about how long your last hire in a similar role needed before they worked unsupervised.