TamAdmin True Employee Cost Form Logo

  • This form gives a good estimation of the true cost of hiring and onboarding a new employee. Your company details provided in exact figures would yield the most accurate results, but even a good "guestimate" gives a good overall projected picture. This tool is being provided by Tam Admin for free in an effort for your business to perform a truer cost/benefit analysis of using Tam Admin's services. We truly believe that using our services not only benefits the quality of the work your business will produce to earn revenue, but will also improve your bottom line. 

  • Choose the option of Hourly or Salary:

    Choose one option & the form will adjust.
  • True Cost of a W-2 Employee

    True Cost of a W-2 Employee

    The desire to hire a W-2 employee involves more than their hourly or annualized salary. There are the acquisition costs to keep a job post running, workstation costs for new computers and monitors, and desk-related supplies. There could be subscription fees for users of software packages and new email addresses. And one more headcount for when you decide to pay for staff lunch!! It all adds up, so let's see how yours may tally up.
  • True Cost of a Salaried Employee

    True Cost of a Salaried Employee

    The desire to hire a salaried employee involves more than their annualized salary. There are the acquisition costs to keep a job post running, workstation costs for new computers and monitors, and desk-related supplies. There could be subscription fees for users of software packages and new email addresses. And one more headcount for when you decide to pay for staff lunch!! It all adds up, so let's see how yours may tally up.
  • Costs of Employee Basic Onboard Items

    Costs of Employee Basic Onboard Items

    So, we have labor expenses accounted for, but what about the stuff needed to do the job? We've preset some numbers here, but you can just put in your specific figures if you know them. Doing so boosts the projection accuracy.

  • -OR-

  • Lastly, let's add some Benefits costs.

  • Costs of Benefits Paid for by You

    Costs of Benefits Paid for by You

    Your portion of any offered health care costs. Please enter the employer-paid (ER) portions of the employee's (EE )health costs here. If the ER also matches retirement plans to EE contributions, please enter flat dollar guestimates.
  • Your Total Costs for a New W-2

    Your Total Costs for a New W-2

    This section adds it all up and gives a reasonable, but not all-inclusive, projection of the potential investment of funds for an employee who may or may not stay with your company. And if they do not perform well or stay, you now have a metric to calculate for having to do this process over (and over) again.

  • -OR-

  •  Forecast for an New Hourly Employee working {estimatedHours} at a wage of ${typeA44} per hour: 

    ${totalHourly}/month out-of-your-pocket

    or per year, ${yearlyHourly} out-of-your-pocket

  •  Forecast for a New Salaried Employee working at a stated annual yearly salary of ${annualSalary} per year: 

    ${totalSalary}/month out-of-your-pocket

    or per year, ${yearlyReal}out-of-your-pocket

     

    And this modeling assumes costs like cell phone plans, office supplies and benefits stay the same and supplies never get consumed past the first year - which is highly unlikely.

    These costs will rise if not every year, every other year.

  • A Message from Tam Admin to You

     

    This is why I started this business, Tam Admin. I am exceptionally good at what I do and have helped every employer I have worked for turn or overcome some large hurdle or corner, and realize more profit. Now at this stage in my professional journey, it is time to take my advanced skillset to the masses.

    I have been a W-2 employee for 90% of my working life, so I understand this from both sides of the coin. This country thrives on jobs and the opportunities to work and grow professionally. I know that in almost every role I have ever had, I have been given more responsibiity and promoted due to my dedication and commitment to try and attain a standard of personal excellence. And that's where times have changed because in my estimation, hiring is more of a risk than it has ever been. With modern philosophies of quiet-quitting and doing just enough to get enough, no wonder teams can be sometimes unfocused and less productive, which makes your business less profitable. If you are trying to stay on budget, can you really risk the costs involved in hiring W-2 with unpredictable ROI?

    If you have found this Employee Costing Exercise insightful and would like to have a complimentary chat with me about how Tam Admin could be of help to your company, please feel free to reach out below by filling out the form and/or requesting a time for a Zoom meeting.

    Thank you for your time and consideration. 

     

     

     

     

  • Contact us for a Quote or Schedule an Initial Zoom Consultation

    Either way, I'll get back to you soon.
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