22%
All the monies
A good goal would be 20 - 25% of Gross Profit (Sales - COGS). A realistic number might be 30%.
i pay about 45% to my employees... and that's in a non-profit setting. So if your out to make money, you should pay anywhere from 25-35%.
30%
form_title=Paperless Payroll form_header=Go green with paperless payroll! Have you ever used a paperless payroll system before?= () Yes () No How many people are on your payroll?=_ Approximately how much is your payroll costs per week?=_ What is the payroll schedule?=_
In 2000, total payroll for the industry was $2.01 billion, and total payroll for production workers was $1.11 billion.
The industry standard is 30%. This all depends on what style of restaurant you are. The more fine dining the higher the wage costs will be. But no more than 40%
fica
Hardly anything for a privately owned restaurant. The only ones making money in the restaurant business are managers who work for big restaurants or hotels. My husband and I own a restaurant and it is hard to make more than $20,000 pe ryear after overhead costs, taxes, payroll, etc. and we do EVERYTHING ourselves. It is very stressful to own a restaurant as well.
* Rent * Payroll for Salaried Employees
Besides salaries and wages earned by employees, employers incur costs for various payroll taxes, including the employer's share of Social Security and Medicare, workers' compensation premiums and unemployment insurance. Often they also incur costs for certain employee benefits, including health insurance and post-retirement benefits. All in all, additional payroll related costs can amount to 30% to 40% of wages and salaries. Call 888-924-1776 for more information about payroll related operating costs.
"By 2005, the average health insurance costs at offering businesses exceeded 10 percent of total payroll." http://www.bls.gov/opub/mlr/2008/06/art3full.pdf Page 34, BLS Monthly Labor Review, June 2008