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It includes health insurance premiums and stuff paid by the employer. No one uses that for TC.
by nonethewiser 3y ago
It includes health insurance premiums and stuff paid by the employer. No one uses that for TC.
- runako 3y ago> health insurance premiums and stuff paid by the employer. As indicated above, most blue-collar jobs don't carry similar benefits. Totally fair to include in the TC number. It's also a higher percentage of notional wages for the specific type of job. Health insurance premiums for a family of 4 are averaging approximately $10/hr; it would be silly not to include that in a comp discussion where employees might be looking at other jobs that pay $15/hr. Again, even backing out the compensation you don't want to call "compensation," these are still very good jobs.