$50,000
By understanding your company’s cost of benefits per employee, you can also help employees understand the all-in value you place on them. Simply complete the forms in Steps 1 and 2 below and hit calculate. A window will display your results instantly, and a copy will be emailed to you for your reference.  According to the U.S. Bureau of Labor Statistics, employee benefits cost employers 30.9 percent of total employee compensation costs on average, as of March 2013. For private industry employers, the cost of benefits was 29.7 percent of total employee compensation. According to the BLS, the total cost per employee per hour for private industry employers in the Northeast was $33.43, and $10.41, or 31.2 percent, of that cost was employee benefits. According to the Employee Benefit Research Institute, the average cost of employee benefits to employers was relatively steady at 27 to 29 percent of the total compensation cost throughout the 1990s but began to increase at the turn of the century as health insurance costs began rising rapidly. Vacation is another cost but is subsumed in the basic salary. The costs to this point (basic salary, employment taxes and benefits) are typically in the 1.25 to 1.4 times base salary range-e.g. the cost range for a $50,000/year employee might $62,500 to $70,000. Space. Unless you are hiring traveling salespeople, you need to provide some physical space to house the new employee. Benefits. Basic salary and employment taxes are a minimum-in most cases you will need to provide some benefits. Typical benefits for a $50,000 salaried employee include life insurance ($150) and health coverage ($2,000-$3,000 for single persons; $6,000-$7,2000 for families-http://www.ahrq.gov). Benefits Cost. Typical benefits for a $50,000 salaried employee include life insurance, which cost $150, and health coverage, which cost $2,000 to $3,000 for single persons and $6,000 to $7,200 for families, says Joseph Hadzima, Jr., a senior lecturer at MIT Sloan School of Management. Although employee benefits represent a significant cost for most employers and represent a competitive advantage for those that can afford high-end benefits, there are some no-cost, low-cost options that employers can offer employees. Vacation is another cost but is subsumed in the basic salary. The costs to this point (basic salary, employment taxes and benefits) are typically in the 1.25 to 1.4 times base salary range-e.g. the cost range for a $50,000/year employee might $62,500 to $70,000.  Regional Breakdown. According to the BLS, the total cost per employee per hour for private industry employers in the Northeast was $33.43, and $10.41, or 31.2 percent, of that cost was employee benefits. The total cost per employee per hour in the West was $30.94, and $8.97, or 29.4 percent, of that was benefits. According to the Employee Benefit Research Institute, the average cost of employee benefits to employers was relatively steady at 27 to 29 percent of the total compensation cost throughout the 1990s but began to increase at the turn of the century as health insurance costs began rising rapidly. The total cost per employee per hour in the Midwest was $27.93, and $8.52, or 30.5 percent, of that was benefits. The total cost per employee per hour in the South was $26.64, and $7.55, or 28.4 percent, of that was benefits. According to the Employee Benefit Research Institute, the average cost of employee benefits to employers was relatively steady at 27 to 29 percent of the total compensation cost throughout the 1990s but began to increase at the turn of the century as health insurance costs began rising rapidly. Other benefits could include long-term disability insurance ($250), dental plans ($240-$650), dependent care assistance, tuition reimbursement, retirement plans. The costs for basic salary, employment taxes and benefits, he says, are typically in the 1.25 to 1.4 times base salary range. Although employee benefits represent a significant cost for most employers and represent a competitive advantage for those that can afford high-end benefits, there are some no-cost, low-cost options that employers can offer employees. In 2013, the BLS found that the cost of pension and benefits in private industry amounted to $1.23 per employee per hour. Pension spending for union members was $4.02 per worker per hour. Employer size also makes a difference. A 2014 report by the Bureau of Labor Statistics found that the average employee benefits package costs an employer $9.09 per employee per hour worked. For a 40-hour employee that's $18,907.20 per year. However, costs vary greatly based upon the nature of your work and the type of employer.
http://www.assuranceagency.com/calculators/total-cost-of-benefits-per-employee-calculator http://work.chron.com/average-cost-employee-benefits-22681.html http://web.mit.edu/e-club/hadzima/how-much-does-an-employee-cost.html http://smallbusiness.chron.com/cost-employee-benefits-employer-2694.html http://web.mit.edu/e-club/hadzima/pdf/how-much-does-an-employee-cost.pdf http://work.chron.com/average-cost-employee-benefits-22681.html http://work.chron.com/average-cost-employee-benefits-22681.html http://smallbusiness.chron.com/cost-employee-benefits-employer-2694.html http://www.ehow.com/info_7923444_average-cost-employee-benefits.html
how much are benefits per employee