If the goal is 600MM / year in savings, your denominator is off by quite a bit. Fully loaded cost of an employee is significantly higher than 60-75K. Try 3-4x that amount.
you should assume ~200k for an engineer in a market like seattle
In what languages?
Obviously location is important but I am writing C++ on multiple platforms in the UK and $200k is far away.
I don't believe the parent is referring to the salary of the employee, but rather the overall cost to the company for that employee.
Ahhh thanks! That's a relief. Mighty expensive employing someone though.
Thanks again.
this. what a company budgets for the average full cost of an employee per year. so someone who makes $100k and someone who makes $225k in their own salary all average out to $200k when you take salary cost + insurance costs, 401k, perks, overhead, etc.
Well, isn't this going to drop if the market is suddenly flooded with people looking for work? Tough situation for anyone getting laid off.
Good 1st estimation. you also need to add in the impact of severance packages.
USA Today ran with a prediction of 5-10% of Nokia staff, around 12,000 to 25,000 employees.
The nokia acquisition only brought in about 20k headcount, so one of those numbers can't be right.
The GP's statement could be parsed as meaning there are 12,000 to 25,000 Nokia employees and 5–10% of those could be laid off.