ALTRES Industrial Staffing in Hawaii - Employers: What's In A Pay Check?

Industrial Staffing > Employers > Resources > What's In A Pay Check?

What's In A Pay Check?

It can be surprising, in fact shocking, to add up all the employment costs of your employees. Their pay check is only the tip of the iceberg. But there is one group of workers where there are no "hidden" costs...our temporary employees.

Our hourly bill rate gives you a "fixed" cost without any "hidden" costs. And, our hourly rate includes worker's compensation insurance, taxes, benefits, and all other required insurance.

The use of our quality personnel makes a perfect balance between the core employee group you must have and those you need for workload peaks and special projects.

Examine the real costs of the pay checks your company is writing, then give ALTRES Staffing a call. We can save you money and help stretch your available payroll dollars.

Your Position:

Hourly: $ x 40 hrs/week x 52 weeks =	$ yr.

Payroll Burden

FICA (6.2%)	$
Medicare (1.45%)	$
Fed. Unemployment (.80% to $7,000)	$
State Unemployment (%)	$
Hawaii TDI (%)	$

Worker's Comp. Ins. (Your code & rate %)	$

Mandatory Pre-Paid Medical ($ per-month x 12 months)	$

Fringe Benefits Burden

(Nat'l. ave. is 9.1%) Including bonuses, profit sharing, etc. Excludes vacations, holidays, sick days, etc.

Administrative Cost Burden

(National Average is 10%)	$
Total Cost of Employee Per Year	$

Productive Time
Total Productive Time Available:
40 hrs./Week x 52 Weeks = 2,080 hours

Less Non-Productive Time¹

Holidays	x 8 hrs. =
Vacations	x 8 hrs. =
Sick Days	x 8 hrs. =
Personal Days	x 8 hrs. =
	Sub-total:	hours

Additional Non-Productive Time:

minutes per day x 5 days x 47 weeks	= hours
Total Non-Productive Time	= hours
Total Productive Time Realized (B)	= hours

Take the Total Cost of Employee (A) and divide by Total Productive Time Realized (B). This is your actual hourly cost at 100% efficiency.	$

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