True Cost of Hiring Calculator
The fully loaded cost of a Technology & Software hire in Illinois combines Illinois’s 3.9% SUTA rate with the Technology & Software workers’ comp rate of $0.50/$100, typical Technology & Software benefits, and overhead.
Open the CalculatorPre-configured with Illinois tax rates and Technology & Software benchmarks. Adjust salary, benefits, and overhead to model your specific hire.
Total Annual Cost
$148,368
Loaded multiplier: 1.24× base salary
Open the interactive calculator to adjust every input and export a PDF report.
Combined Illinois state tax rates and Technology & Software industry benchmarks for 2026.
Each figure combines Illinois statutory rates with Technology & Software industry estimates. Statutory rates are fixed by law; published benchmarks come from BLS and SHRM; representative estimates vary by employer and carrier; and benefit/overhead defaults are editable TrueHireCost modeling assumptions.
| Metric | Value | Type | Source | Last verified |
|---|---|---|---|---|
| Illinois SUTA rate | 3.9% | Representative estimate | Illinois Department of Employment Security | Aug 2026 |
| Illinois SUTA wage base | $13,990 | Official statutory figure | Illinois Department of Employment Security | Aug 2026 |
| Technology & Software workers’ comp | 0.5 / $100 payroll | Representative estimate | DOL Office of Workers’ Compensation Programs | Aug 2026 |
| Technology & Software median salary | $120,000 | Published benchmark | BLS Occupational Employment & Wage Statistics | Aug 2026 |
| Technology & Software monthly benefits | $750 | Representative estimate | BLS Employer Costs for Employee Compensation (ECEC) | Aug 2026 |
| 401(k) employer match | 4% | TrueHireCost modeling assumption | TrueHireCost methodology | Aug 2026 |
| Annual overhead | $4,200 | TrueHireCost modeling assumption | TrueHireCost methodology | Aug 2026 |
| Illinois minimum wage | $15/hr | Official statutory figure | Illinois Department of Employment Security | Aug 2026 |
| Employer FICA | 7.65% | Official statutory figure | IRS Publication 15 (Circular E) | Aug 2026 |
How to read this table
A Technology & Software hire in Illinois at the median $120,000 salary costs approximately $148,368 fully loaded — a 1.24× multiplier combining Illinois’s 3.9% SUTA with Technology & Software workers’ comp at $0.50/$100.
Finance, manufacturing, logistics, and healthcare anchor Illinois’ economy around Chicago.
The technology sector continues to grow with AI, cloud, and cybersecurity demand, though hiring has cooled from 2021 peaks and favors senior talent. In Illinois, concentrated hiring of software engineers, data scientists, and product managers in major metros and remote-first teams.
When hiring Technology & Software staff in Illinois, budget for the 3.9% SUTA rate on the first $13,990 of wages, $0.50/$100 workers’ comp, and state income tax withholding up to 4.95%.
Illinois Department of Employment Security
Illinois workforce agency
Technology & Software wages & turnover
Federal employer tax guide
Technology & Software industry resource
Technology & Software industry resource
Technology & Software industry guide →
Editorial Standards
Maintained by the TrueHireCost editorial team
TrueHireCost is an independent research and tooling project. Our content is written and maintained by the TrueHireCost editorial team — not by a licensed CPA, attorney, or HR certificant, and no named professional endorses or "verifies" these pages. Rates, wage bases, and benchmarks are collected from official public sources (IRS, U.S. Department of Labor, state workforce agencies, and the Bureau of Labor Statistics) and labeled with their source and last-reviewed date. State SUTA, workers’ comp, and minimum-wage figures are representative new-employer estimates and should be confirmed with the agency for your specific situation.
Found an outdated rate or a calculation that looks wrong? Email editorial@truehirecost.com and we’ll review and correct it. TrueHireCost is an informational tool, not professional tax, legal, or HR advice — consult a qualified professional before making hiring or payroll decisions.
Last updated 2026-08-24
Every rate and formula is checked against the issuing agency before publication. Last updated 2026-08-24.
IRS
FICA, FUTA tax rate & wage base
U.S. DOL
FUTA credit, federal wage & hour
State Workforce Agencies
SUTA rates, wage bases, new-employer rates
BLS
Industry salary benchmarks & turnover
The fully loaded cost combines Illinois’s 3.9% SUTA rate with the Technology & Software workers’ comp rate of $0.50/$100, a typical $120,000 median salary, $750/month benefits, and overhead. Use the calculator above for a precise Illinois Technology & Software estimate.
Yes — Workers’ comp required for all employers. The Technology & Software class code sets the rate at $0.50 per $100 of payroll.
Technology & Software roles typically pay $65,000–$210,000. Illinois Technology & Software salaries may vary by metro and experience.
For Estimation Purposes Only
TrueHireCost provides hiring cost estimates for informational purposes only and is not professional tax, legal, or HR advice. Actual employer costs vary by experience rating, industry classification, carrier, and jurisdiction. Consult a qualified CPA, tax advisor, or HR professional before making hiring or payroll decisions.