this post was submitted on 03 Dec 2023
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Technology
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Is it just me or is $19 million per year for 50 full-time employees insane?
Even for US salary standards.
Role of thumb is an employee costs roughly twice their base salary, as the employee still needs to cover insurance, taxes, sick time, and other benefits.
That leaves an average salary of 190K for the 50 employees. That isn't much for tech.