Quote:
I dunno if the figure is correct or just not understood.
I don't think salaries average that figure, but the cost to the employer MAY equal that when one considers salary, payroll taxes (remember, employers match the FICA figures that are taken out of your salary, so there is over 7% more than your salary in matching funds paid by an employer), there is health insurance, and retirement funds as well.
When I was in the business of hiring folks for a company I worked for, "loaded" salaries were about 50% higher than the salary the person earned.
So if we paid someone $80K/year, it actually cost about $120K when all benefits and payroll taxes were figured in.
So it's quite possible that someone making $100K in pre-tax salary could cost the company $140K+
