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ameriver comments on SIAI Fundraising - Less Wrong
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Employee compensation generally includes more than just salary- there's the cost of the employers share of social security, health insurance and any other benefits. If these are included in the figures listed, then the employees salaries are considerably less. If the Singularity Institute isn't providing health insurance, than buying individual policies is a major expense for the employees. The Bay Area is also one of the most expensive places to live in the U.S.
The rule of thumb I've heard is that an employee's cost to their employer is between two and three times their salary. Even if the employer is not paying benefits, they still have to carry worker's comp insurance, for example, as well as administrative overhead on managing payroll, etc.