Calculate the cost of your employees before making spending decisions

02/9/2012 | Planning Startups Stories blog

It makes sense to think about how much it costs you to employ your workers when making decisions about other expenses. Based on the assumption a worker with a $50,000 salary costs about $40 an hour to employ, it's worth it to buy new technology and pay for useful magazine subscriptions, writes Tim Berry of Palo Alto Software. It's also a good idea to have meals during meetings, he writes.

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