https://blog.usejournal.com/it-costs-50k-to-hire-a-software-engineer-d06a0d051abf

Anyone in tech has probably heard that it’s hard to hire good software engineers; but folks might not realize just how expensive it can be. Simple back-of-the-envelope math shows that it can easily cost $50,000 to recruit someone and bring them up to speed. It’s even more if you need to hire a replacement for someone who’s leaving because you also need to re-build their institutional knowledge.

A simple equation for the cost of hiring a software engineer looks like: