Transaction Coordination Calculator
Annual Transactions
This Calculator will help you determine the break even point between hiring a contract coordinator and a full time employee.
Buyer Side
$
Listing Side
$
Total Investment
$0
We Can Save You
$0 Per Year
TWIN CITIES TC Vs. Employee Without Pension or Healthcare | Saved With TWIN CITIES TC | |
---|---|---|
Annual Investment With TWIN CITIES TC | $0 | |
Cost To Hire New/Inexperienced Assistant | $37970.20 | $0 |
Cost To Hire Experienced Assistant | $50627.20 | $0 |
Cost To Hire Expert Assistant | $63284 | $0 |
Employee Cost Averages In MN | ||||
---|---|---|---|---|
Est. Cost % | New | Experienced | Expert | |
Hourly Rate | $15 | $20 | $25 | |
Gross Yearly Salary | $31,200 | $41600 | $52000 | |
Social Security | 6.20 | $1934.4 | $2579.2 | $3224 |
Work Comp | 1.85 | $577.2 | $769.6 | $962 |
Disability | 0.6 | $187.2 | $249.6 | $312 |
Healthcare (Optional) | 7.4 | $2308.8 | $3078.4 | $3848 |
Pension (Optional) | 4.5 | $0 | $0 | $0 |
Time Off (2 Weeks Paid) | 6.2 | $1934.4 | $2579.2 | $3224 |
Medicare | 1.45 | $452.4 | $603.2 | $754 |
Unemployment | 5.4 | $1684.8 | $2246.4 | $2808 |
Hours Worked Per Year | 2080 | |||
Total Cost of Employee with All Optionals | $41883 | $55577.6 | $69472 | |
Total Cost Without Optionals | $37970.2 | $50627.2 | $63284 |
Opportunity Cost Calculator
This calculator will help you uncover how much additional revenue you can generate with the right support.
Opportunity Cost |
Total Annual Transactions(From Above) | Average Hours To Manage Paperwork | Hours Needed to Generate 1 Deal | TC Can Help Make Room For | Total Opportunity Cost For Not Hiring a TC | Opportunity Cost MINUS Contracted Cost | We Can Save You |
---|---|---|---|---|---|---|
0 | 8 | 0 | 0 | $0 | $0 | 0 Hours Per Year |
NOTE: Contracted cost is TOTAL number of transactions multiplied by $350 (Average coordination price, 50% Buyer - 50% listing.
NOTE: Hours per Deal: Number of hours you work per week times 52 weeks per year = Total Hours worked per year divided by total number of transaction closed per year = Average Total Time you work to generate, nurture and close each transaction.