Technology & Software Employee Cost Calculator
Tech and IT industries have the lowest workers' compensation rates and highest average salaries. Companies compete on benefits packages including stock options, unlimited PTO, and comprehensive health coverage.
$87K
$34/mo
0.5% of payroll
22%
Annual
1.45x
Of base salary
Enter salary and state, then click Calculate
Key Facts About Hiring in Technology & Software
Average tech salary is $87,570 - significantly above national average
Lowest workers' comp rates at $34/month (low physical risk)
22% annual turnover rate - below national average of 41%
Competitive benefits: 6% 401(k) match and unlimited PTO common
Stock options and equity compensation often included
Remote work flexibility reduces office space costs
Common Roles
Compliance Requirements
Data privacy regulations (GDPR, CCPA) training
Information security policies and training
Intellectual property agreements
Remote work equipment & security policies
Accessibility compliance (ADA, WCAG)
Export control compliance (if applicable)
Hidden Costs to Consider
High-end equipment: $2,000-$4,000 per developer
Software licenses: $2,000-$5,000 per employee annually
Cloud infrastructure & development tools
Recruiting costs: $8,000-$15,000 per technical hire
Stock options and equity compensation
Professional development & conference budgets: $2,000-$5,000
Frequently Asked Questions - Technology & Software
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State unemployment insurance rates, minimum wage, and compliance requirements vary. See state-specific technology & software costs.
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