The Scary Math Of New HiresChristopher Farrell
The fast-food franchise down the street hires a cashier for $6.50 an hour. Cost to the owner: about $10 an hour. The business that advertises entry-level jobs at $30,000 a year is probably figuring the real cost of a new hire at close to $50,000. Is it any wonder that businesses are reluctant to add workers and may stay wary even as the economy picks up strength? From coast to coast, in large businesses and small, the math of hiring in the 1990s is pretty scary.
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