HR costs for “do-it-yourselfers”

I speak to owners of small companies all day long…the question they most want to ask, but have a hard time getting the gumption to ask is…”How much is this going to cost…and how will this save me money?” When considering HR outsourcing, it is prudent to know what your current HR costs are so you can make a rational comparison versus “doing it yourself.”  The quick and easy answer, from an HR professionals’ prospective, is an average of 20% on top of gross pay.  If you want to add a medical plan and pay 100% of the premium of the employee…adds another 3 – 5%.