04/24/2023
Should a business hire a Marketing Agency? Read and decide for yourself.
Every year, businesses are faced with the same issue: BUDGET! You crunch the numbers. You connect the dots. No matter how hard you try; you’re always left struggling with how to cut expenses.
Now, we’re not mathematicians at Hods Agency, but consider internal costs vs. outsourcing to determining the best solution for your business.
Cost of hiring an employee, from the Bureau of Labor and Statistics, salary accounts for 68.6 percent of total civilian employee compensation while benefits account for the remaining 31.4 percent.
The value of benefits is typically unknown by employees, but top of mind for employers trying to budget, so this might sound familiar …
Here are the numbers broken down:
Let’s say your new marketing coordinator has a base salary of $50,000.
Now, let’s add in benefits: $22,886
That makes the annual total cost of hiring this new employee $72,886, a monthly cost of $6,074.
Now, let’s be honest — like how much your new employee actually works for the amount you’re paying them. Reach out to me to discuss how we can help maximize your budget with a team of expert marketers to grow your business.
