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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: FJB who wrote (11847)	12/23/1997 1:05:00 AM
From: Cymeed	Respond to of 25960

Bob, I made a typo error. I meant $4,000/month, not $3,000/month - Just realized. In CA, I thought even $4,000/month is not enough for such high tech firms. Original message: Bob, it includes all taxes (social security), benefit, etc. The salary is not the only thing an employer pays when he hires an employee. The 1.6 times salary is the number I used to do the calculation. Number of new employees is 775 - 650 = 125 Cost/Qrt/Employee = 3months x $4,000/month x 1.6 = $19,200 = $20 m ($4,000/month = $48,000/yr - low in CA for such a high tech firm) Total cost = 125 x $20m = $2.5 million Due to the low $4,000 assumption, I would incline toward $3 million figure.