I always hear cost of benefits in TC, especially in union negotiation. It’s important because that’s the cost to the employer. If I’m negotiating a union contr

I always hear cost of benefits in TC, especially in union negotiation. It’s important because that’s the cost to the employer. If I’m negotiating a union contract for the union I want to know how much I’m asking and what it costs. As an employee, I also compare total compensation packages across offers. I once had multiple offers where one was $20k higher in pay, but the insurance was way worse (cost of $3k/year vs $18k) and the leave was way worse. So it’s a good idea to compare total pay package, not just the gross take home.