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.