Benefits of Back End Operation
We will show a comparative analysis of merits and demerits of outsourcing on the expense and responsibility wise
|
Expense
|
Full Time W2 Employee (Hourly Employee)
|
Contract Employee
|
|---|---|---|
|
|
||
|
One Year Expense
|
$ 18,720.00 (2080)
|
$ 18,720.00
|
|
Workers Compensation Insurance
|
$ 468.00 (3%)
|
|
|
Unemployment Insurance
|
|
|
|
Breaks
|
$ 936.00 (5%)
|
|
|
Sick Leave
|
$ 748.80 (4%)
|
|
|
Scheduled Leave
|
$ 1,123.20 (6%)
|
|
|
State and federal Taxes
|
$ 2,246.40 (12%)
|
|
|
Medical Expense
|
$ 3,000.00
|
|
|
Hiring/ Replacement and training Cost
|
$ 1,872.00 (10%)
|
|
|
Total
|
$ 29,582.40
|
$ 1,872.00
|
|
Expense
|
Full Time W2 Employee
|
Contract Employee
|
Savings
|
|---|---|---|---|
|
One Year Expense
|
$ 18,720.00
|
$ 18,720.00
|
|
|
Workers Compensation Insurance 3%
|
$468.00
|
|
|
|
Unemployment Insurance 3%
|
$468.00
|
|
|
|
Breaks 5%
|
$936.00
|
|
|
|
Sick Leave 4%
|
$748.80
|
|
$ 10,862.4
|
|
Scheduled Leave 6%
|
$ 1,123.20
|
|
|
|
State and federal Taxes 12%
|
$ 2,246.40
|
|
|
|
Medical Expense
|
$ 3,000.00
|
|
|
|
Hiring/ Replacement and training Cost 10%
|
$ 1,872.00
|
|
|
|
|
$ 29,582.40
|
$ 18,720.00
|
|