This article comes from Investopedia’s How to Run a Successful Small Business Guide. It outlines all the different costs behind hiring a new employee. Beyond a new hire’s base salary, business owners should figure in the direct and indirect costs to recruit, onboard, adequately train, and provide benefits to a new employee. A business may not see a return on its investment until the employee reaches their break-even point and is functioning at 100% productivity. While it can add up, taking a more comprehensive look at the total cost of hiring can be helpful when making staffing decisions and at every other stage of the employee lifecycle.