So I picked up a few jobs with in the last few days. Another small bath reno, nothing drastic, a living room trim out, a re trim with all new interior doors in the common areas and lastly a guy bought a home with a unfinished room addition, wants me to finish it off. All the exterior work is done and complete, but there is no insulation or dryall and what not....
ANYWHO....I got to thinking I would like to bring on an employee legally and want to know what it takes to do so? How much mark-up is on an employee to cover my legal costs, taxes and insurance? I have a guy that is a cop who used to be in the trades prior to becoming a cop at 30. He is pretty good at what he does and I could use him here and there. He schedule of 4 days on and 4 days off often leaves me with windows where he could be very useful to me.
I guess I have to call my insurance agent tommorrow and talk to him, but is there any heads up you guys can give me? This is all uncharted waters for me.
Thanks
any idea what WC is going to cost? I know it can be all over the place...I am going to find out for sure tommorrow by calling my agent, but I am curious right now...
What can I expect to pay in payroll taxes and what not?
I am paying a .5 markup rate... Worth every penny to me
So basically, I go to these people with my guy and say, I want to hire him through you.
If it were me, I'd call and say "hi I've got a guy I want to hire part time, and he knows my schedule, but I know you guys have more of an operation going on than I do when it comes to insurance and the alphabet taxes. Can I give you his number, and then can I hire him through you guys, so I don't have to deal with all the paperwork?" I think that's a starting point.
I had lunch at the Spinning Wheel yesterday, by the way. I also have a client that might have to build a water treatment building in their complex this spring, off of Potterstown Road. That's your backyard. I'll let you know when the bid goes out, if you want. I can't build it because I'm the paid consultant on this one (conflict of interest).
Your mark up rate is 50% ? So if you pay $400 the temp agency charges you $600 is that correct ?