The Real Numbers.
When all factors such as salary, payroll taxes, social security payment, office space and insurance are taken into consideration, you can forecast to save from 65% to 75% annually. Let’s take a look. A $75,000 a year employee in the United States, will come in around $100,000 a year in total costs when you factor in benefits such as vacation, health insurance, workman’s compensation, payroll taxes, and FICA. These are hard numbers, not estimates. With us, that same $100,000 a year position will typically fall within the $32,000- $36,000 range. That is quite a saving! One of our premier clients is London-based and provides payroll services. They require high-end auditors to process payroll, audit the previous month’s billing, ensure employees are paid, and match billing hours to 41 the customers. Before, they were paying $24,000 to $26,000 a year, to have the same tasks accomplished.
The highest savings we’ve provided was to a large Dental Service Organization. They required a financial analyst who was to review over twenty dental practices. His responsibility was financial analysis and to ensure that all the general ledger accounts matched up across all the spectrums. This meant bringing together hundreds of individual categories across those twenty businesses, both individual and consolidated. The C.F.O. of the organization informed us that this position was a $160,000 to $180,000-per-year position with benefits. We were able to fill it for $55,000. That’s over $100,000 in savings! This was the position previously not considered by the client because it didn’t fit into their budget. Now, with such a reduced cost, they were able to hire this analyst and, in turn, provide more time for the C.F.O to focus on his work.
Another one of our clients is a small I.T. company. They had lots of opportunities in their industry, but they needed a full-time help desk staffed with I.T. type personnel to cover the hours of 6:00 a.m. to 10:00p.m. Through us, they were able to institute an entire help desk program that would have cost them $140,000- $160,000 a year or $50,000 total. These savings are often mind-boggling for our clients.
Even More Examples
Let me run through a few more examples of the cost savings our clients are currently enjoying. One of our clients has an accounting manager who handles their books, prepares quarterly estimates and taxes, and manages the payroll. This was an $80,000 a year position, which they are now paying $28,000 annually. An animation company has two 3D animators whom they pay $28,000 apiece. In the United States, those same animators would cost $75,000 to $90,000.
For admin support, a competent person with a quality education will run you $40,000 – $50,000 annually (including benefits.) we provide well educated, experienced team members to do the same job at $18,000 to $22,000. For a full stack developer, we have clients paying $32,000 for people who command $90,000 to $120,000 in the United States.
By now, you probably get the picture. We can save you substantial amounts of money. Whether you’re an independently owned mom-and-pop business, a new start-up, or a well-established company (some of our clients eclipse $100 million in annual revenue), we can help grow your business or less.
Key Takeaway
In starting, growing, or taking over a business, the tasks of adding new employees can be staggering. To help you with this, we can save you 50% – 75% in salary costs. Pretty good, huh?