You must be the stupidest "business man" I've ever conversed with on SI.
Let's see... to hire an American employee, my business has the following expenses in addition to wages:
- health insurance
- life insurance
- dental insurance
- workmens comp
- state unemployment insurance
- federal unemployment insurance
- 401k match
- FICA match
- training expense
- overhead expenses (computer, supplies, furniture, etc.)
For us to hire a $50K salaried employee, we budget approximately $100K. Hiring the same employee in India, if feasible, would cost about $25K in total.
So unless Obama plans on giving companies a $75K tax credit for each US employee hired, it's hard to see his proposal as a meaningful incentive._
_________________
As noted in the prior post there are advantages to having a person on site, managable. As for your costs, you need to tighten your belt if you have a 100% overhead factor to acquire an employee. We run less than 60%.
If Obama give sme a decent tax credit, I'll hire someone here I can manage and work into the ground on salary rather than send it to India.
Plus, its patriotic! Get on Board, Bill
(Oh, and cut that match on the 401(k), put in a defined benefit plan). |
