Hiring Software Developers is a challenge for many businesses. According to the Bureau of Labor Statistics, the median software developer salary in the US is $112,921.00 annually. This is before factoring in basic benefits, and required taxes that also have to be paid to a staff developer. Tacking those items on results in an additional cost of over $37,000!
Going further, when you include the cost of overhead (office space, technologies, management structure, admin costs) you balloon this number to a whopping $198,000 meaning that you’re paying your software developer $112,000 annually, and another $86,000 just to keeping them on staff.