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The national average paid out by employers for employee benefits is 39 percent of total payroll costs. This figure comes from the U.S. Chamber of Commerce, based on a survey of nearly 400 U.S. companies of
Here are some of the specific figures from the survey:
The average payroll dollar is broken down like this: 61-cents in wages, 11-cents in medical benefits, 10.9-cents for holidays and vacation, 8.2-cents for legally required payments such as payroll taxes and Workers’ Comp, 8-cents in retirement and savings contributions, and 1-cent for other costs.
Here’s what the benefit dollars go for:
However, “average” percentages can be misleading. Comparing your own company’s benefits costs to a national average is not very helpful.
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