We’re not done yet! Everything above, from salary to equipment to benefits, are required for a new hire to start. Want to keep an employee? Miscellaneous costs like the ones below will help you do that.
Providing your employees with swag benefits more than their wardrobe. It promotes pride in and out of the office. Our team has a mixture of branded clothing, including hoodies, polos, gym shirts, and more. Wherever our employees are, we want them showing off our logo.
Another way to boost employee morale is to provide occasional lunches or happy hours. Who doesn’t like free food? Small acts like these, maybe once a month or so, show your employees that you care about them. After work happy hours are a good way to bring the team together and talk about something other than work.
To build off that, many companies host company outings. This could include a golf outing, a trip to the bowling alley or movie theaters, or even a concert. Yearly retreats are becoming more and more popular, giving employees a day or two off to bond with others.
There will ALWAYS be travel costs. Whether it’s an employee traveling to a conference or simply picking a package up from the post office, the company is responsible for covering those travel costs. Travel expenses will rack up as you hire more employees.
To summarize the past 1,800 or so words:
Marketing Agency: less expensive, better results
Internal Hire: more expensive, less favorable results
Still think hiring an employee for $40,000 is the same as partnering with an agency for $40,000?