You’re not a corporation. Startups and enterprises differ in a million ways, starting with their needs and ability to scale and implement changes, and—in the end—their financials. As a company that’s just starting out, you can make mistakes and learn from them. Keep the product scope to a minimum. Think long-term, act short-term. How does that apply to building a team at your company? Well, you don’t need to have all the employees in-house. You can use the outside help.
Costs: team augmentation is cheaper than having full-time employees
Let’s break down the cost of a full-time employee. According to LAC Group, the cost of a computer and office supplies can reach about $200 per year for each employee. Read also: Why Billing on a Time and Material Basis Is a Guarantee of Flexibility It can be twice the amount when you go for a more advanced Mac or PC. No t-shirts, mugs, and other gadgets are included in this figure. Total cost so far: $400 Then there are software licenses. Developers and designers use pricey apps such as Creative Cloud or PhpStorm, which can cost several hundred dollars a year per user. For the sake of this article, let’s say it’s about $1,000. Total cost so far: $1400 The salary of a .NET developer in San Francisco is about $93,429. Total cost so far: $94,829 Health insurance is yet another thing. Multiply the wages by 1.25 – 1.4, and you get your result. Let’s use 1.3 in this example. Total cost so far: $123,217.7 Also, you may need a recruiting service or an HR agency to help you find these people.