Small Business and Business Software

Average Cost Of It Support For Small Business

Average Cost Of It Support For Small Business – SANTA CLARA, Calif.–(BUSINESS WIRE)–On average, small business workers miss more than a week of work per year due to aging PCs, according to a recent multinational study commissioned by Intel Corporation and conducted by Techaisle.

The Intel Small Business PC Refresh Study surveyed 736 small businesses in Brazil, China, Germany, India, Russia and the United States to assess the condition of their PC equipment. According to the findings, small businesses keep PCs significantly longer than the recommended update date, with more than 36% owning PCs that are more than 4 years old. These machines require more maintenance, are more detrimental to worker productivity and higher equipment costs than buying a new machine.

Average Cost Of It Support For Small Business

Average Cost Of It Support For Small Business

“Upgrading to new PCs is one of the smartest choices a small business can make,” said Rick Echevarria, vice president of the PC Client Group and general manager of Intel’s Business Client Platform Division. “PCs are widely regarded as the foundation for many of these companies, and this research clearly shows that they need to be updated regularly.”

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New 2-in-1s, all-in-ones, desktop PCs and Ultrabooks powered by 4th Gen Intel® Core™ vPro™ processors offer businesses a lower total cost of ownership, longer battery life and faster performance for productivity applications, businesses with more than 4 years of systems. As an alternative to Intel Core vPro processors, PCs with Intel® Small Business Advantage (SBA) can automate small business maintenance without dedicated IT staff.

The Intel Small Business PC Refresh Study was conducted in April by Techaisle on behalf of Intel. A total of 736 small businesses (1-99 employees) in Brazil, China, Germany, India, Russia and the United States responded to a 20-minute questionnaire. Respondents were IT decision makers with a sample quota determined by employee size categories. The results of this study, prepared by TechAisle, are available for download at intel.com.

Intel (NASDAQ: INTC) is a global leader in computing innovation. The company designs and builds the essential technologies that underpin the world’s computing equipment. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com. How much are you going to pay them.

But the employee’s cost is much more than the base salary or wage. And if those are the only costs you consider building your team, you (and your budget!)

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Cost? What are the different factors that affect personnel costs? And how do you find out how much it costs to onboard a new employee?

An employee’s total cost is their total compensation plus any additional costs incurred by the company as a result of hiring and hiring that person. While there is no one-size-fits-all solution for calculating total employee costs, the most commonly used formula (and a safe estimate if you’re trying to budget for a new employee) is that an employee’s average total cost is between 1.25 and 1.4 times the employee’s base salary.

For example, let’s say you hire a new employee with an annual salary of $50,000; According to this formula, the

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Average Cost Of It Support For Small Business

That employee’s cost would be between $62,500 and $70,000. If you hired a new employee for $25 per hour, the total cost would likely be between $31.25 and $35 per hour.

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This formula gives small businesses a good starting point for calculating personnel costs. But what really affects that number — and how do things like your location and industry affect an employee’s costs?

Before tackling the various factors that affect personnel costs, let’s first look at a few variables that can affect these numbers.

It is clear that there are a number of variables that can influence the total personnel costs. But whatever those variables are, such as location or industry, the factors that make up a team member’s true cost are pretty universal across the board.

Base pay is how much you pay an employee, either a base salary (which is standard for exempt employees) or a salary (which is typical for non-exempt employees). When you look at an employee’s costs as a whole, the basic compensation probably represents the largest percentage of an employee’s total costs to your company.

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Part – and where business owners have problems (and over budget) is when they don’t look at the additional factors that can increase employee costs.

When you hire a new hire, it (of course) costs money to pay them – but it also costs money to hire them.

The cost of a new hire can significantly increase the employee’s total costs — and how much depends on your hiring practices.

Average Cost Of It Support For Small Business

If you manage your recruiting internally, there are several costs your company can incur when hiring a new employee, including:

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If you decide to hire an outside recruiter, you will typically pay them a percentage of the new hire’s base salary as a retention fee, which can range from 15 to 30%.

Once your new team member is hired, they must be on-boarded, which can lead to additional costs for your business (including training, labor and staffing costs).

No matter what company or industry you operate in, your employees need certain things to do their job well. Therefore, overhead is another factor that comes into play when calculating an employee’s actual costs.

If you employ non-exempt employees, if they work more than a certain number of hours in a day or week (laws vary by state), they qualify for overtime – and if they end up working overtime that you didn’t plan, it increases the costs of your employees.

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As an entrepreneur, you are responsible for paying a number of different types of payroll taxes for your employees:

The Federal Insurance Contributions Act (more commonly known as FICA) covers your employee’s Social Security and Medicare taxes. Current FICA rates for employers are 6.2% of taxable wages per employee per year for Social Security and 1.45% for Medicare – for a total of 7.65%.

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The only caveat? Retirement tax only applies to taxable wages up to $147,000, so the maximum an employer will pay in retirement tax in 2022 is $9,114 per employee.

Average Cost Of It Support For Small Business

Employers are also required to pay taxes under the Federal Unemployment Tax Act — also known as FUTA — which helps pay benefits to unemployed workers. If you pay more than $1,500 in wages to your employee, you must pay FUTA taxes annually; However, FUTA only applies to the first $7,000 of each employee’s salary.

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According to the IRS, the standard FUTA rate is 6%; However, companies that file an annual federal employer unemployment tax return (Form 940) may qualify for a 5.4% tax credit, bringing their total FUTA tax rate to 0.6%.

In addition to FUTA, states also have their own unemployment rates, which vary by state and can dramatically increase or decrease personnel costs. For example, in 2021, the highest unemployment tax rate in New Mexico was 5.4%, while the highest unemployment tax rate in Massachusetts was 14.37% — nearly triple.

Certain cities, counties, and jurisdictions also impose additional taxes on businesses, which can increase your total cost per employee. Check with your local government agency to make sure you have budget for these taxes.

Employers are required to pay occupational accident insurance for their employees; this is non-negotiable. But how much you pay to employees per employee depends on the type of business you’re in.

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Normally, the greater the risk of your employees being injured on the job, the more you can expect to pay in occupational accident insurance. Workers’ compensation is typically regulated by the state, with each job classification assigned a rate per $100 of payroll (salary or wages). The riskier the job, the higher the rate.

To give you an idea of ​​the size you can expect to pay in a work accident insurance policy, here are some examples from the National Compensation Insurance Board:

So, as you can see, you can pay as little as 0.12 per $100 for an office worker (who has a low risk of injury) or as much as $8.99 per $100 for a painter (who typically has a higher risk of injury). has). injury) – so depending on your employee’s job description, your employees’ compensation costs can vary widely.

Average Cost Of It Support For Small Business

Many companies offer their employees several benefits, especially if they want to attract the best talent in a competitive market. But these benefits obviously come at an additional cost to the business – and can have a huge impact on employee costs.

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The most common (and probably the most important) benefit employers offer their employees is health insurance, but it doesn’t come cheap. The cost of health insurance depends on the health care plans you offer your employees. According to the 2021 KFF Employer Health Benefits Survey, small business employers paid $6,440 in premiums for lone workers and $16,253 in premiums for

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