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How much in cash reserves should I allocate for my 1st employee
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The job is $15/hr and would like to provide 10 hours a week.

At 52 or 54 weeks, that would mean: 520 or 540 hours for the year.

Then when his 90 days comes, he will receive like .50. To 1.50 raise which means the total for like 9 months is: … For the sake of round #’s is $20 / hour for him with state, federal state disability, retirement plan matches, a likely amount to have saved for him?

I think since my employee count would. 2 and he not full time, I don’t have to provide options for healthcare.

Although I really probably should…from San Diego, CA.

I know you may comment on the side of maybe being too generous but this is my first time attempting to hire an employee and I don’t want to get sued, or have poor retention rates.

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3 years ago