As a general overall total.. what % should I be spending on payroll overall.
2007-01-04 08:17:47 · 5 answers · asked by BIZNIZ 1 in Business & Finance ➔ Careers & Employment
Depends on your profit margin, no more than 20% though. Other than that keep it as low as the market will bear. I keep mine at 15%.
2007-01-04 08:29:05 · answer #1 · answered by Ricky J. 6 · 0⤊ 0⤋
Payroll and benefit costs - total compensaton - will range between 45% - 60% of expenses.
2007-01-04 10:07:11 · answer #2 · answered by PALADIN 4 · 0⤊ 0⤋
According to WSJ article, you should be saving 20% from take home pay. Rest can be used for expenses: mortgage, car payment, etc.
2007-01-04 08:20:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋
20-30% in metro areas alittle more in rural areas
2007-01-04 08:21:23 · answer #4 · answered by bubbba2u 2 · 0⤊ 0⤋
30% is the widely accepted target.This can change depending on the industry.
2007-01-04 08:25:54 · answer #5 · answered by dark matter 3 · 0⤊ 0⤋