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When an employer is deciding to hire an employee, they must consider the true cost of payroll. Your employer must pay you more than your hourly rate or salaried rate. Business owners must determine if they can afford an employee. Business owners need help, and people need income, but what can your company afford to pay? The next question is what the employee can afford to earn. Many employees take a position below what they need because they need a job. Many business owners take a customer offer below what they need because they need a sale. However, in the end, there can be some resentment because of the struggle.
Let’s look at the true cost of payroll. Can you afford to hire an employee?