In addition to wages you will pay to a new employee, other costs will be incurred. For this assignment, determine the total cost of one new employee.
What is the annual salary of this new position? How did you arrive at this amount.
What is the benefit package you would offer this new employee? What is the cost of this benefits package?
What is the total cost of one employee: salary + benefits (financial and non-financial benefits?
How does this salary and benefit package benefit both the employee and the business?
