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For reference $420k is about the cost of 2 employees at a typical tech company.


Which typical tech company outside of Silicon Valley would that be? I’ve never seen wages at $210k for a „typical tech company“


A rough estimate is that the cost of an employee is 1.25x - 1.4x the salary of an employee in the US. With health insurance, Social Security taxes, 401K matching, office expenses, and more.


That seems exceedingly low. I've generally seen 2x. It's a bit less than that as salary goes up, but I can't imagine hitting 1.25x.


An employee costs more than just their salary.


My company isn’t based out of SV, we pay 130-220k base depending on team and experience. Senior devs are 200k+


Hey, it’s me, your future employee!


In Silicon Valley that would be a salary of a single engineer.


The cost of an employee is much higher than just the wages you pay them.


Wages are just part of the total cost of a employee.


About 8 tech employees where I am in Europe. And that's after all the additional costs apart from salary.




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