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Folks, we’ve been talking for weeks now about how enterprise staffing can help business owners, and we’re joined by Matt Brown from Enterprise Staffing. And Matt, one of the things we haven’t talked about yet is the bottom-line cost of hiring W2 employees.
Hey Newell, great question. When you talk about this, real simply, I’ll put it, if you have a customer, I mean an employee at, if you’re paying at $20 an hour, you’ve got to add in the comp and the taxes. And without including the time it takes to actually recruit, that would put you at around $24 and 28 cents. And that would be the cost just for the employee, the W2 employee.
But when you add all of the other indirect costs, that number grows exponentially, right? And it kind of takes away from what the primary mission is of a number of these business enterprises that all provide staffing for.
Yes, sir. Yeah, and like I said, Newell, I ran the numbers and I’ve always been running the numbers, but it’s about $5 to $8 per hour per employee what our cost is. And a business owner really has to ask himself, is that amount of money? Is that small amount of money worth it for me to go out and be able to grow my business and for me to be able to expand in all kinds of different ways in my company, take on bigger jobs. So that’s the bottom line there.
So the bottom line is that the cost differential is significant enough to make it worth their while. And that’s what we’ve been talking about, the right people, the right on time Enterprise Staffing. Give matter Kelly a call at (504) 285-0223 or check out online at Enterprisestaffing.com.