The right time to hire is when the revenue the hire generates, or the revenue you free up by not doing their work, exceeds their total cost including taxes, benefits, and overhead. Use a 3x rule as a starting point: a hire should contribute at least 3x their all-in cost. For a $70,000 all-in employee, target $210,000+ in attributable revenue or freed-up owner time.
Can I Afford to Hire? for Construction
Pre-filled with real construction industry benchmarks
Can I Afford to Hire?
Pre-filled with construction industry defaults. Edit any field to use your real numbers.
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Can I Afford to Hire? for Other Industries
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