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Calculate the true cost of hiring: salary + FICA + benefits + PTO.
Benefits
Employee Cost Calculator calculates the true annual cost of an employee including salary, employer FICA (7.65%), health insurance, 401k match, PTO value, and overhead — giving you the real cost per hour worked.
Understand the true cost of an employee beyond their salary. Includes employer FICA, health insurance, 401k match, PTO value, and overhead.
Enter the employee's annual salary.
Select benefits (health, dental, 401k match, PTO).
See total annual cost and cost per hour worked.
Employer FICA: Social Security 6.2% on wages up to $176,100 + Medicare 1.45% on all wages (2026 IRS rates). PTO value = (annual salary / 260 working days) × PTO days. 401k match = salary × match%. Total includes $5,000 overhead estimate.
Employers pay 7.65% of salary for Social Security (6.2%) and Medicare (1.45%).
PTO value = daily salary × PTO days (daily salary = annual salary ÷ 260 working days).