Employer payroll costs vary by country and state (social security, unemployment insurance, workers' compensation, pension contributions). Check your local rates.
Why employees cost 1.2–1.4× their salary
On top of wages, employers typically pay their share of payroll taxes, statutory insurance, benefits such as health coverage or retirement contributions, and the tools the person needs to work. Paid holidays and vacation also mean you pay for hours that aren't worked, which raises the cost of each productive hour.
Is the hire worth it?
Compare the true annual cost with the revenue or owner time the role frees up. If a hire costs $65,000 a year and lets you take on $120,000 of extra work at a 50% margin, the role pays for itself. If it only saves you admin time, consider part-time help, a contractor or software first.
Read the step-by-step guide to hiring your first employee.