Employee Cost Calculator by Industry
Calculate employee costs with industry-specific workers' compensation rates, turnover data, compliance requirements, and hidden costs. Select your industry for accurate 2025 hiring costs.
Calculate Costs by Industry
Avg Salary:
$28K
Workers' Comp:
$145/mo
Turnover:
70%
Cost Multiplier:
1.32x
Common Roles:
Avg Salary:
$55K
Workers' Comp:
$254/mo
Turnover:
47%
Cost Multiplier:
1.42x
Common Roles:
Avg Salary:
$32K
Workers' Comp:
$83/mo
Turnover:
25%
Cost Multiplier:
1.28x
Common Roles:
Avg Salary:
$65K
Workers' Comp:
$54/mo
Turnover:
21%
Cost Multiplier:
1.38x
Common Roles:
Avg Salary:
$87K
Workers' Comp:
$34/mo
Turnover:
22%
Cost Multiplier:
1.45x
Common Roles:
Why Industry-Specific Calculations Matter
Construction workers' comp averages $254/month per employee, while technology workers cost only $34/month - a 7.5x difference.
Using generic rates can lead to budget errors of thousands of dollars per employee.
Restaurant/hospitality has 70% annual turnover vs technology's 22%. At $3,000 per hire, that's $2,100/employee vs $660/employee annually.
High-turnover industries need larger recruiting budgets built into costs.
Healthcare requires licensing, malpractice insurance, and HIPAA training. Construction needs OSHA certifications and safety equipment. Tech needs minimal compliance.
Industry-specific compliance can add $500-$5,000 per employee annually.
Tech companies offer 6% 401(k) match and unlimited PTO to compete for talent. Retail averages 2% match and 7 days PTO. Restaurant workers rarely get retirement benefits.
Industry norms determine minimum competitive benefit packages.
Average Industry Cost Range
1.28x to 1.45x salary
The cost multiplier varies by 13% between industries. On a $50K salary, that's a $8,500 difference.
Ready to Calculate Your Industry Costs?
Select your industry above for accurate, industry-specific calculations.
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