Comments on: Employees wonder about value of benefits? Here’s the answer http://www.hrmorning.com/employees-wonder-about-value-of-benefits-heres-the-answer/ Your daily dose of HR Thu, 18 Mar 2010 13:43:13 -0400 http://wordpress.org/?v=abc hourly 1 By: Chenny Liemkeo http://www.hrmorning.com/employees-wonder-about-value-of-benefits-heres-the-answer/comment-page-1/#comment-15989 Chenny Liemkeo Tue, 23 Jun 2009 20:14:30 +0000 http://www.hrmorning.com/?p=2306#comment-15989 What was the formula used to calculate the average per hr amount employer paid to cover pay and benefit? Same question apply for the average amount spent for legally required benefits — Social Security, Medicare, unemployment insurance, and workers’ compensation — was $2.28 an hour, or 7.8% of total compensation & Employer-paid life, health and disability insurance averaged $2.52 an hour, or 8.6% of total costs. Any brief explanation of how to get this figure would be helpful. Chenny What was the formula used to calculate the average per hr amount employer paid to cover pay and benefit?

Same question apply for the average amount spent for legally required benefits — Social Security, Medicare, unemployment insurance, and workers’ compensation — was $2.28 an hour, or 7.8% of total compensation & Employer-paid life, health and disability insurance averaged $2.52 an hour, or 8.6% of total costs.

Any brief explanation of how to get this figure would be helpful.

Chenny

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