The Real Cost Of A W-2'd Employee

True Cost of your own W-2 Employees

Your Own Employee vs. Cadence MTC Employee

Cell Phone $50 per month = $ .30 per hour
Vehicle Cost $400 per month= $2.40 per hour
Vehicle Insurance $180 per month= $1.08 per hour
Vehicle Maintenance $100 per month= $ .60 per hour
Vehicle License Plates $30 per month= $ ..18 per hour
Uniforms $50 per month = $ .30 per hour
On Board Inventory $200 per month cost = $1.20 per hour
On Board Equipment $100 per month cost = $ .60 per hour
Lack of third party recourse $150 per month = $ .90 per hour
Office/ Work space for employees $300 month = $1.80 per hour
Support staff per technician per month $500/month = $3.00 per hour
Gasoline Charges per month $650 = $3.90 per hour
Additional postage and copies associated with tech $10 per month = $ .06 per hour
Accounting and legal fees associated with tech on the road $50 per month = $ .30 per hour
Workman's comp associated with tech $225 per month = $1.35 per hour
Dispute resolution, theft, etc $60 per month = $ .18 per hour
Travel expenses, per diems, etc $100 per month = $ .60 per hour
Slow or impaired response time $75 per month = $ .45 per hour
Employee benefits, vacation, sick time, etc $100 per month = $ .60 per hour

Employee cost including all taxes including federal, state and local and unemployment and hourly wage with some overtime factored in $32 per hour .... factor in downtime and lack of productivity...these are the times that you are scrambling to think of productive things that your techs can be doing to keep them busy and to justify their pay....due to this situation most techs are only productive half of the time.

That means that you should double the above numbers to get your true job specific cost per hour. $19.80 in indirect costs + $32 per hour in direct wage related costs = $51.80 per hour.

Now here's your true actual productive hourly wage $103.60 per hour. With Cadence MTC you pay far less and receive far more. You get 100% productive time, total recourse, true outsourced costs and lessening of your companies labor burden and capital expense, time sensitive response and quality results...translation PRICELESS.

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