Total Employee Compensation Package

Employee Information
$
Insurance Benefits
$
$
$
$
$
Retirement Benefits
%
$
Fringe Benefits
$
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Total Employee Compensation Package
Total Employee Compensation
Compensation Category Amount Percent
Wages
Government Benefits
Insurance Benefits
Retirement Benefits
Fringe Benefits
Total Compensation
The cost of an employee is more than their salary. Hiring an employee often involves paying a portion of their social security, medicare and unemployment taxes. Many companies offer benefits regarding various insurance programs, where the company may pay a portion of the cost, contributions to retirement plans or pensions and other fringe benefits that add to the hiring cost. When looking employee compensation, it is important to consider all of these expenses rather than just the direct salary.