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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

Remember that when you calculate costs for employees you need to add an additional 20% to the salary to account for payroll tax and benefits costs.

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A more common figure for benefits costs is 30%+, especially at places where benefits tend towards the generous side (i.e., not McDonalds/WalMart store managers).[/quote]

This is a good point.  To follow up on it some, private school teachers don't actually have benefits packages "towards the generous side" as a rule of thumb, I think -- with the biggest difference being that any sort of pension plan is quite rare (as opposed to for public school employees who often have some sort of state pension plan participation).  Some schools have 401K matching but that's not nearly as expensive as a pension plan.

I believe I've seen a 22% figure for private schools in this area, but perhaps with rising health care costs the number is getting closer to 30%.  Just so people understand, the 22% figure includes the employer mandatory federal payroll tax for social security and Medicare -- close to 8% of the employee salary.  [/quote]

Private school benefits are bare-boned.  Expensive healthcare insurance, and no pension.

No tuition discount or remission, either.[/quote]

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