3 ms·
> You shouldn't. The correct number to use is called "total employee compensation". This includes: 1. salary 2. paid days off 3. health care benefits 4. re
by WalterBright 11mo ago
> You shouldn't.
The correct number to use is called "total employee compensation". This includes:
1. salary
2. paid days off
3. health care benefits
4. retirement benefits
5. employer 401k contributions
6. incentive stock plans
7. taxes paid on behalf of the employee (such as the so-called employer's contribution to social security)
8. free food in the company cafeteria
9. any other benefits that cost money
The cost to employers for these benefits adds about 30% to total employee compensation.
- fragmede 11mo agoHaving an office for them to work at is also important and costs money.
- WalterBright 11mo agoThat's true, but I only listed things that are part of employee compensation.