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What is salary package?

Updated: 10/10/2023
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Wiki User

14y ago

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I'm not sure this is what you mean, but most US benefit packages and taxes add about 35-45% to the employee's actual salary. So, if a company is paying you $40,000, it actually costs them $54,000 to $58,000 to keep you on payroll. The is not including administrative fees associated with hiring and payroll.

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16y ago
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14y ago

A salary package includes fringe benefits in addition to any monetary compensation.

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