this post was submitted on 03 Dec 2023
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Technology
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Is it just me or is $19 million per year for 50 full-time employees insane?
Even for US salary standards.
My guess: People who can be as competent with security as they need are very expensive.
Not at all. That's $380K per person if everyone is making the same. Engineers with a few years of experience at Meta make $400K+.
Don't forget the employer taxes, insurance, recruitment costs and so on. It wouldn't surprise me if the employees are earning on average half that.
Exactly.
Role of thumb is an employee costs roughly twice their base salary, as the employee still needs to cover insurance, taxes, sick time, and other benefits.
That leaves an average salary of 190K for the 50 employees. That isn't much for tech.