Benefits combined are worth about 30 percent of your total compensation package, according to the U.S. Department of Labor. They cost employers an average of $8.81 per hour worked in December 2008.
Suppose you’re offered an annual salary of $50,000. Your benefits package would theoretically be worth more than $15,000, so your total compensation would be valued at roughly $65,000.
Take a look at how much your benefits package adds to your overall compensation, based on the Department of Labor’s most recent estimates.
|Benefit description||Percentage of pay||Dollar value|
|Legally required benefits including Social Security, Medicare, unemployment insurance and workers compensation insurance||7.8 percent||$3,900|
|Life, health and disability insurance||8.4 percent||$4,200|
|Paid leave (vacation, holidays, sick leave and personal)||7.1 percent||$3,550|
|Average employer contribution to retirement and savings||4.4 percent||$2,200|
|Supplemental pay||2.5 percent||$1,250|