The costs most budgets miss
1. Recruiting. Job board fees, recruiter commissions, and the hours your engineers spend screening and interviewing instead of building.
2. Payroll taxes. Employer-side Social Security, Medicare, and state and federal unemployment taxes.
3. Benefits. Health, dental and vision insurance, retirement contributions and paid time off.
4. Workspace and equipment. Laptops, monitors, software licenses, and office space or a remote-work stipend.
5. Administration. Payroll services, HR software, compliance and the time your team spends on paperwork.
6. Ramp-up time. Most new hires take months to reach full productivity.
7. Attrition. If the person leaves within a year or two, you pay most of these costs again.
A quick worksheet
Use your own numbers to find your true cost per hire:
|
Cost item |
Your annual estimate |
|
Base salary |
|
|
Payroll taxes |
|
|
Benefits |
|
|
Recruiting (spread over expected tenure) |
|
|
Equipment and software |
|
|
Workspace or stipend |
|
|
HR and admin tools |
|
|
Total cost of one hire |
|
Most companies are surprised by how far the total sits above the salary line.
The alternative: one predictable fee
With 650 Tech Solutions, you pay a single monthly fee per resource. Recruiting, insurance, benefits, office space, equipment and HR administration are included. There are no hidden charges and no placement commissions. For every seven resources, we add a people manager at our own cost.
That turns a hiring decision full of unknowns into a line item you can plan around.
Savings without compromise
Lower cost should never mean lower standards. Our people are full-time professionals, paid fairly by local standards, and working reasonable hours. You save because of geography and efficiency, not because anyone is being squeezed.
Want a cost comparison for a specific role? Contact us and we'll walk through the numbers with you.