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Fully loaded cost
What an employee really costs: salary plus benefits, taxes, equipment and overhead.
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What it means
Salary is only part of what a person costs a business. A common rule of thumb puts the fully loaded cost at 1.25 to 1.4 times salary.
Pricing meetings and projects on salary alone understates them.
Example
| Salary | $130,000 |
| × 1.25 to 1.4 | $162,500 to $182,000 |
| Per hour (2,080) | $78 to $88 |
In Time Valuer
Give each employee a Time Valuer profile with the pay you want to count, salary or fully loaded, and every project and meeting is priced on it.
Related terms
Questions and answers
What is the fully loaded cost of an employee?
What an employee really costs: salary plus benefits, taxes, equipment and overhead.
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