I agree with your analysis, but would use the total cost of hiring an employee for one hour’s productive work including taxes, overhead, training time, benefits if any, etc. I think you may have used a nominal hourly wage.
Thanks for your comment.
I agree with your analysis, but would use the total cost of hiring an employee for one hour’s productive work including taxes, overhead, training time, benefits if any, etc. I think you may have used a nominal hourly wage.
Thanks for your comment.