Appeared on April 20, 2010
Mark Loschiavo, executive director of Drexel University’s LeBow College of Business Laurence A. Baiada Center for Entrepreneurship, was quoted in an article titled “When to Outsource” in Entrepreneur magazine. The article covered the costs and benefits of outsourcing business operations.
“The first layer of cost savings in outsourcing comes from payroll taxes, insurance and benefits paid to full-time employees,” says Loschiavo. “Entrepreneurs should expect to pay roughly 30 percent of an employee’s salary in addition to the salary itself for these overhead costs.”
This story was also picked up by The Washington Post.