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What is the average cost of individual employee benefits to a company?
Wiki User
∙ 13y ago
I think 60-50% of the total income is a good barometer. Besides the viable "benefits" there are holidays, vacation pay, sick day pay, state unemployment insurance and social security witholdings that the employee never sees, but which the employer must match. In California that costs us an extra 8% alone in addition to the cost of health insurance and other "normal" employee benefits.
ANSWER
Average Cost of Employee MoneyUsually almost twice the wages they are paid. This covers wages, workman's comp, unemployment, insurance, etc. Employee Benefit CostBenefits can add up to 30 percent of the total compensation. At December 2007, benefit costs as a percentage of total compensation costs were 30.2 percent (Employee Benefit Research Institute).Wiki User
∙ 13y ago
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