4 ms·
40% is about right for jobs in higher ed where the large majority of employees make less than six figures and some benefits, like health insurance, are not not
by extra88 8y ago
40% is about right for jobs in higher ed where the large majority of employees make less than six figures and some benefits, like health insurance, are not not proportional to salary. Regarding health insurance, $6K/year is only a reasonable estimate of the employer's outlay for an individual, family plan will be at least three times that.
- lotsofpulp 8y agoYes, benefit for family plans are probably worth $12k+ per year, but that’s if your employer offers it. https://www.bls.gov/opub/ted/2018/mobile/employee-and-employer-premiums-for-medical-care-benefits-in-2017.htm https://www.bls.gov/opub/ted/2018/mobile/employee-and-employ... I suspect that there are 3 classes of people when talking about employee benefit costs (in a employee vs contractor discussion): 1) Private sector, high pay professional - I would agree benefits could be around 40%, but this also only applies to maybe top 20% of non government employee population. 2) Government employees, maybe even more than 40% considering their post employment benefits. 3) The bottom 80% of non government employees, who I doubt approach anywhere close to a benefit value equal to 40% of their pay.