What is fully loaded/burdened?
That is the true cost of employing a person to perform a job for you. The cost of that person to the company, especially if that person is a FTE is much more than just the person’s salary.
True cost of a head would include:
- paid time-off, sick leave & public holidays
- occupancy (desk, building, carpark, heat/cool, phone, fax, email, tea/coffee, etc – maybe $10k)
- training & support
- allowances & benefits
- sustenance & catering
Fully loaded/burdened cost of an employee can safely be assumed x1.35, although some research point to x2 or even x2.5!!!