Financial Literacy - Careers
The value of employer benefits

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 breakdown, based on $50,000 annual salary
Benefit descriptionPercentage of payDollar value
Legally required benefits including Social Security, Medicare, unemployment insurance and workers compensation insurance7.8 percent$3,900
Life, health and disability insurance8.4 percent$4,200
Paid leave (vacation, holidays, sick leave and personal)7.1 percent$3,550
Average employer contribution to retirement and savings4.4 percent$2,200
Supplemental pay2.5 percent$1,250
Total Value:$15,000
Source: U.S. Department of Labor – December 2008 Employer Costs for Employee Compensation Survey



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