Free Tool

Employee Cost Calculator

Estimate the real cost of an employee — wages, benefits, taxes, and overhead — in one simple calculation.

Total Employee Cost

$78,500/yr

Base Salary$60,000

Payroll Taxes$6,000

Benefits$9,500

Overhead$3,000

$37.74/hr

$6,542/mo

Calculate Employee Cost

Base Compensation

Annual Salary ($)

Employer Payroll Taxes

Tax Rate (% of wages)

Default 10% covers approximate FICA + FUTA/SUTA

Benefits Cost

Health Benefits (annual $)

Retirement Match (% of wages)

Other Benefits (annual $)

Overhead (optional)

Annual Overhead ($)

Equipment, software, HR admin, uniforms, etc.

Ready to Calculate?

Enter employee compensation details to see the total cost breakdown.

About This Calculator

This tool provides an estimate of total employee costs for planning purposes. It is not a paycheck calculator and does not calculate individual tax withholdings, net pay, or compliance with specific tax regulations. For accurate payroll processing and tax compliance, consult with a qualified HR or payroll professional.