Free Cost Analysis

What is your team really costing you?

For most businesses, labor is the single largest operating expense — and the one that gets examined the least. This tool gives you a comprehensive view of what your team truly costs, in both dollars and hours.

Don't want to work through all of this? Spirit HR runs an extensive analysis of your current labor cost and finds efficiencies in both time and money — we'll do it for you.

Total annual cost

Cost per employee

Your time, per year

Multiple of base wages

0×

Workforce

Full-time employees

Average annual wage ($)

Your time

Not every cost is a vendor fee or premium. The hours you and your managers spend on HR are real money — put a value on them.

Value of your time ($/hour)

Payroll and tax filing (hrs/month)

Benefits and open enrollment (hrs/month)

Hiring and onboarding (hrs/month)

Employee questions and HR issues (hrs/month)

Compliance and reporting (hrs/month)

Employer payroll taxes

Social Security (6.2%) and Medicare (1.45%) are federally fixed; FUTA is estimated at $42 per employee. SUTA varies by state and your experience rating — enter your own rate and wage base.

SUTA rate (%) — varies by state

SUTA taxable wage base ($/emp)

Workers' comp rate (% of payroll)

Benefits

Employer contribution, per employee per year.

Health insurance ($)

Dental and vision ($)

Life and disability ($)

HSA / FSA contribution ($)

Retirement

401(k) match (% of wages)

Plan admin ($/emp/yr)

HR technology and admin

Vendor and software fees, per employee per year, plus any internal HR staff cost.

Payroll processing ($)

HRIS / HR software ($)

Benefits administration ($)

Time and attendance ($)

Internal HR staff cost ($/yr total)

Hiring and turnover

Annual turnover rate (%)

Cost per hire ($)

Risk and extras

EPLI protects against employment-practices claims and is included here as a standard line.

EPLI premium ($/yr total)

Unemployment claims ($/yr total)

Bonuses / commissions (% of wages)

Equipment / stipends ($/emp/yr)

Training and development ($/emp/yr)

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Where it goes

Base wages$0

Employer payroll taxes

Social Security (6.2%)$0

Medicare (1.45%)$0

Federal unemployment (FUTA)$0

State unemployment (SUTA)$0

Workers' compensation$0

Everything else

Benefits$0

Retirement$0

HR technology and admin$0

Hiring and turnover$0

EPLI$0

Other extras$0

Your time (owner and manager hours)$0

Total annual cost of employment$0

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form.