Free tool

Employee cost calculator

What a hire actually costs once employer taxes, benefits, equipment and recruiting are in the number, and how many months of runway that decision spends. Nothing stored.

The hire
Your position (optional, for the runway answer)
True monthly cost
7,650
ongoing, after year one
First-year cost
99,800
includes recruiting
Cost multiplier
1.31x
of base salary
Runway cost
2.0
months lost

Where the ongoing cost goes: salary 76% · employer taxes 15% · benefits 5% · equipment and software 3%

This hire takes you from 11.4 months of runway to 9.4. That still leaves room, but it puts the next raise inside the next year, which is worth deciding deliberately rather than discovering later.

The formula

employer taxes   = salary x employer tax rate
ongoing cost     = salary + employer taxes + benefits + equipment
first-year cost  = ongoing cost + recruiting
monthly cost     = ongoing cost / 12
cost multiplier  = ongoing cost / salary
runway cost      = cash / burn  −  cash / (burn + monthly cost)

The multiplier is the part people quote, usually as 1.25 to 1.4 times salary. It is a reasonable sanity check and a poor decision tool, because it says nothing about whether you can carry the cost. And carry it you will: a salaried hire is the purest form of a fixed cost, arriving every month whether revenue does or not; why that distinction decides so much is laid out in fixed vs variable costs.

The last line is the one that decides hires. A €6,000-a-month person is affordable at a €35,000 burn with two years of cash and reckless at the same burn with seven months. Same cost, different answer, and only the runway calculation tells you which you are in. The wider argument is in what a hire really costs.

One caution on employer taxes: the rate varies enormously by country, from roughly 8 percent to over 40. Use your own figure rather than a benchmark, because this input moves the total more than anything else on the form.

This page prices one hire. To cost a whole team — hourly and salaried staff together, with overtime — use the labor cost calculator, and to sanity-check the total against what the business earns, the payroll percentage calculator turns it into a share of revenue.

A worked example

A €60,000 offer in a country with 25 percent employer contributions, modest benefits, and an agency doing the search:

LineAmount / yearWhere it comes from
Base salary€60,000The offer letter
Employer taxes and contributions€15,00025% of salary, statutory
Benefits€3,600Health top-up, pension match
Equipment and software€2,400Laptop amortised, seats
Ongoing cost€81,000 · 1.35× salary€6,750 a month
Recruiting (year one only)€12,00020% agency fee
First-year cost€93,000 · 1.55× salaryWhat the bank account sees

The candidate hears €60,000. The company pays €93,000 in year one and €81,000 every year after, and the €21,000 recurring gap is dominated by one line — employer taxes — that never appears on a payslip. Run the same offer through the calculator above with your own country’s rate, because that single input moves the answer more than every other field combined.

What the burden is made of

The gap between salary and true cost has a small number of parts, and each has an honest reference range:

ComponentTypical rangeSource
Employer taxes and contributionsRoughly 8% to over 40% of salary by country; the US federal employer share alone is 7.65%Statutory rates
BenefitsAbout 30% of total compensation, on average, for US civilian workersBLS, Employer Costs for Employee Compensation
Recruiting (one-off)≈$4,700 average per hire; agency fees typically 15–25% of first-year salarySHRM 2022 benchmarking
Everything together1.25 to 1.4 × base salary, ongoingJoe Hadzima, MIT Sloan

Equipment and software carry no benchmark row on purpose: the figure is whatever your actual stack costs per person, and any published average would be someone else's stack. Count your real one.

Can I afford to hire?

The loaded cost tells you what the hire is; only runway tells you whether you can carry it. Fill in the optional cash and burn fields above and the calculator answers in months rather than euros, which is the unit the decision is actually made in. A workable rule of thumb: above 12 months of runway after the hire, the question is whether the role pays for itself, not whether you can afford it. Between 6 and 12, affordable if you can name what the hire must produce and by when. Below 6, the hire and the next fundraise have become the same decision.

Two checks worth running before committing: a cash flow forecast with the new cost in it, which shows the month the decision bites rather than the average, and your own pay, which belongs in the burn like any other salary — the framework for that is in founder salary: how much to pay yourself.

Common questions

How do you calculate the true cost of an employee?

Start with base salary, then add employer taxes and social contributions, benefits, and the equipment and software they need. Recruiting is a one-off, so count it in year one only. Total employee cost = salary + employer taxes + benefits + tools, with recruiting added to the first year.

What is the employee cost multiplier?

Loaded cost divided by base salary. In most markets it lands between 1.25 and 1.4, meaning a €70,000 salary costs €87,500 to €98,000 a year. It varies widely by country, because employer contributions do.

How much does an employee actually cost?

Typically 1.25 to 1.4 times their salary, ongoing. A €60,000 hire runs €75,000 to €84,000 a year once employer taxes, benefits and equipment are counted, and more in the first year with recruiting on top. The country matters most: employer contributions range from under 10 percent of salary to over 40, so the same offer letter costs very different amounts in Texas and in Paris.

What is the real cost of an employee beyond salary?

Everything the payslip does not show: employer payroll taxes and social contributions, which are the largest item and invisible to the employee; pension and benefits; equipment and software seats; and recruiting, a one-off that often exceeds a month's salary. There is also a real cost with no line at all — the manager's time to hire and onboard — which no calculator prices but every first-time founder underestimates.

What is included in fully loaded employee cost?

Salary, employer payroll taxes and social security, pension contributions, health and other benefits, equipment, software seats, and a share of recruiting. Some companies also allocate office and overhead, which makes the number larger but harder to compare.

How much does a hire cost in runway?

Divide your cash by your burn before and after the hire, and take the difference. That is the honest cost of the decision. A €6,000-a-month person on a €35,000 burn with €400,000 in the bank takes runway from 11.4 months to 9.8, so the hire costs about 1.6 months.

Should I include recruiting fees?

In year one, yes. An agency fee of 20 percent of salary is real cash leaving the bank in the month you hire, and leaving it out makes the first year look cheaper than it is. From year two it disappears, which is why this calculator shows both figures.

What is the average cost per hire?

SHRM's 2022 benchmarking put the average cost per hire near $4,700, with executive searches running several times that. For agency-recruited roles the fee alone is typically 15 to 25 percent of first-year salary, which is why recruiting gets its own one-off line in this calculator instead of hiding inside overhead.

How do I know if I can afford to hire someone?

Compute runway before and after: cash divided by current net burn, then cash divided by burn plus the hire's loaded monthly cost. Above 12 months after the hire, the question is the role's value, not affordability. Between 6 and 12, affordable with a plan for what the hire must produce. Below 6, you are betting the company on the hire paying off before the cash ends.

Should founder salary be counted the same way?

Yes. If you pay yourself, you are an employee cost like any other, and leaving it out produces a burn figure the company can hit while you personally earn nothing.

One hire is a calculation. A team is a model.

Plainhub keeps your whole team cost live by department, and shows what every hire does to runway before you commit it. Draft the decision, see the runway hit, then decide.