Monday, April 09, 2007

Employer Costs for Employee Compensation Summary

Employer Costs for Employee Compensation Summary

National average for benefits compensation is about 43% of gross salary, which includes:

10% Vacation/Paid Leave
3.5% overtime or bonuses
11.7% Insurance and disability
6.25% Retirement and Savings programs
11.4% Legally required benefits including FICA, Medicate, Workers comp & unemployment insurance.