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A comment on TSMC eyes Germany as possible location for first Europe chip plant. Parent comment

Re:TSMC eyes Germany as possible location for first Europe c... by Akronymus on Monday July 26, 2021 @07:59AM (#27958363)
Even if you take the gross salaray it is MUCH lower than what the company actually pays. Last time I looked it up, the company pays about as much in insurance, taxes and such as your gross is.
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Re:TSMC eyes Germany as possible location for first Europe c... by realityking on Monday July 26, 2021 @08:28AM (#27958561)
That’s still an exaggeration. Non-wage labour costs are about 21% of the gross salary with most of them capped around 80k EUR of gross salary (meaning the employer pays 21% of 80k even if you make 200k). FWIW this includes health insurance.

Now you do you have to count with some other potential expenses, like covering up to 6 weeks paid sick leave. I’m spire there’s some rule of thumb how to average that over a workforce but I’m not aware of it.

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