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This question is about employee benefits cost.
What costs are normally associated with an employee benefits package?
The costs that are normally associated with employee benefits include Insurance, Paid Leave, Supplemental pay, Retirement, and savings. In some states, other benefits may be legally required, but these are the most common ones.
To understand how these components comprise the average total cost of benefits ($11.86), here are additional details:
Insurance: 25.7% of total benefits
Legally required benefits: 25.5%
Paid Leave: 25.2%
Supplemental pay: 12%
Retirement and savings: 11.6%
These categories can also be broken down in further detail, such as the fact that health insurance accounts for over 94% of total insurance costs.
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