When hiring Moncord vs hiring someone as an employee to be in-house full time, the numbers below will help you make a decision that is right for your business. Not to mention, the soft costs (time and money) of training and managing on an ongoing basis needs to be also factored in when hiring an employee.

Review and Calculate below

Examples represent estimated costs of hiring an employee

Example 1
Low end Total
Hourly rate $15 $31,200
Social security 6.20% $1,934.00
Work comp 1.85% $577.20
Medicare 1.45% $452.20
Unemployment 1.03% $321.36
Total estimated annual wage $34,485.16
Estimated true cost per hour $16.57
Example 2
High end Total
Hourly rate $25 $52,000
Social security 6.20% $3,868.00
Work comp 1.85% $962.00
Medicare 1.45% $754.00
Unemployment 1.03% 535.60
Total estimated annual wage $58,119.60
Estimated true cost per hour $27.94

* Calculations are based off of 2080 hours (40 hours a week) per year

* These are just estimates, for information regarding payroll taxes and costs, please consult your CPA.

Estimated total cost of hiring Moncord per year
Estimated cost savings per year

Estimate above is based off of your inputs and the cost of hiring an employee versus hiring Moncord

Calculated cost savings per year is based off of example 2 above (high end hire at $25 per hour full time) minus the cost of partnering with and hiring Moncord.

** Take into consideration the Moncord model is "per transaction" which means that when you are busy, we are busy, and when you are slow, we are slow. We scale with your business and costs can be better managed. Compare this to an employee on staff that you will need to pay monthly etc. as a fixed cost regardless of how busy or slow your business is.

Examples represent estimated costs of hiring an employee

Example 1
Low end Total
Hourly rate $15 $31,200
Social security 6.20% $1,934.00
Work comp 1.85% $577.20
Medicare 1.45% $452.20
Unemployment 1.03% $321.36
Total estimated annual wage $34,485.16
Estimated true cost per hour $16.57
Example 2
High end Total
Hourly rate $25 $52,000
Social security 6.20% $3,868.00
Work comp 1.85% $962.00
Medicare 1.45% $754.00
Unemployment 1.03% 535.60
Total estimated annual wage $58,119.60
Estimated true cost per hour $27.94

* Calculations are based off of 2080 hours (40 hours a week) per year

* These are just estimates, for information regarding payroll taxes and costs, please consult your CPA.

* Note: Do not put commas, only numbers

Total Annual Transactions Closed With No Transaction Coordinator
Estimated Average Hours For a Real Estate Agent/Broker To Manage A Single Transaction
Your hourly rate
Estimated Annual Total Cost of Managing Your Own Transactions
Estimated Percentage of your annual revenue allocated to managing your own files/transactions
Estimated Total Hours Spent Annually on Managing Your Own Files/Transactions
Estimated Annual Opportunity Cost By Partnering With Moncord Rather Than Managing Your Own Transactions
Estimated Annual Hours Saved By Partnering With Moncord
Estimated Average Hours It Takes For You To Realize One Transaction Closed
Estimated Additional Transcations You Can Close With Time Moncord Services Give Back To You
Estimated potential gross revenue growth from time saved with Moncord
Hire Moncord Today