Free calculator
Can you afford to hire?
Hiring calculators tell you what an employee costs. The harder question is whether you can carry that cost until the new person brings in revenue. Enter six numbers to see month by month.
| Month | Without the hire | With the hire |
|---|
The timing problem
A new hire costs money from the first payroll. The revenue they create comes later, after training, after you win the work, and after the customer pays. That gap is where a profitable hire can still leave you short of cash.
Common questions
How do I know if I can afford to hire someone?
Add the hire's full monthly cost to your forecast and look at the lowest point over the next year. If cash stays above two payrolls, you can carry them until they pay off.
What does an employee cost in total?
Wages plus payroll taxes, benefits, workers' comp and equipment. Your payroll provider can give you the full number for your state.
By industry
See every hire in your forecast
One Page CFO adds the hire to your 13-week forecast and shows the tightest week before you commit.