If the goal is 600MM / year in savings, your denominator is off by quite a bit. Fully loaded cost of an employee is significantly higher than 60-75K. Try 3-4x that amount.
you should assume ~200k for an engineer in a market like seattle
Well, isn't this going to drop if the market is suddenly flooded with people looking for work? Tough situation for anyone getting laid off.
In what languages?
Obviously location is important but I am writing C++ on multiple platforms in the UK and $200k is far away.
I don't believe the parent is referring to the salary of the employee, but rather the overall cost to the company for that employee.
this. what a company budgets for the average full cost of an employee per year. so someone who makes $100k and someone who makes $225k in their own salary all average out to $200k when you take salary cost + insurance costs, 401k, perks, overhead, etc.
Ahhh thanks! That's a relief. Mighty expensive employing someone though.