Salary
$20 K/Yr. Payroll overhead (30%)
$6 K Space & services (includes common area) --100
ft2 $5 K Equipment, Supplies, files etc.
$20 K
Total Cost
$51 K 365 days 104 days weekends 10 days vacation 13 days holidays
232 Operating days/Year 1 day sick
----> $220/day 5 days training
Eight hour Day 75% "Applied Time" ==> 6 hrs. per day,
applied
60 minutes/hr.==> 61 cents/ minute
Ratio: Fully Loaded, Applied
61 Salary
17
Ratio=3.6
Lyle M. Spencer, 1986, Calculating Human Resources Costs and Benefits,
John Wiley & Sons, New York