The document discusses the real costs of keeping employees in-house beyond just their hourly wages. It notes that employer taxes, insurance, paid time off, office space, equipment and other expenses can easily double the true cost of an employee compared to their hourly pay. It provides examples of how the real cost of a bookkeeper at $15/hour would be $35/hour and an HR generalist at $25/hour would actually cost $53/hour. Outsourcing personnel is suggested as a way for businesses to save thousands per year that could then be used to grow the business further.

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THE REAL COST OF KEEPING STAFF IN HOUSE
It goes without saying that the highest cost for many small businesses are its employees, especially in service oriented businesses.
Employees carry many costs beyond what they are paid per hour. Few businesses take into account all the real costs.
 Employer Taxes
 Worker’s Compensation Insurance
 Holidays
 Personal Days
 Sick Days
 Training Time
 Paid Down Time such as breaks or IT issues
 Cost of Office Space
 Equipment
 Furniture
 Supplies
 Health Insurance
 401K or Retirement Account Contributions
 Cost of Payroll and Benefit Administration
 Cost of Hiring and Turnover
 Management Time for Review, Correction, Employee Relations, and Morale
The real cost of an in-house employee can easily be more than double the hourly rate offered to that employee. For example:
Bookkeeper: $15/hour The True Cost to Employer - $35/hour
Human Resource Generalist: $25/hour The True Cost to Employer - $53/hour
Out-sourced personnel cost much less. You can save thousands per year.
Just think what you could do with an extra $5,000 to $25,000 per year to grow your business.
Call Adducere Consultants today for a Free Consulting session to see how we
can save you time and money.
331-330-2258 www.Adducere-Consultants.com