I'm doing a cost analysis for a new business and I am trying to decide a total dollar amount for an employees fringe benefits. I was hoping there is a template out there.
2006-11-07 08:28:22 · 3 answers · asked by Christie S 2 in Business & Finance ➔ Small Business
Well, takes are 7.65%, health insurance can run upwards of $800 per employee per month, but you ca charge the employees for some of that if you choose. Decide what benefits you want to offer, and then make an estimate based oon some research into the different benefits.
2006-11-07 08:32:08 · answer #1 · answered by Rum_Punch_Girlie 3 · 0⤊ 0⤋
Easy number is 25%. That accounts for 7.65% employer's share of social security & medicare taxes, a small amount for unemployment insurance and worker's comp, giving a full time employee three weeks off during the year for vacation and sick leave (that means you're getting 49 weeks of work for 52 weeks of pay). Minimal health coverage can be had within the 25%. For a new business I'm advising we're using 20.5% (no typo, it's twenty and one-half percent).
Managing Director
Results Associates LLC
resultsllc@earthlink.net
2006-11-07 08:34:04 · answer #2 · answered by byhisello99 5 · 0⤊ 0⤋
Our benefits are calculated at 27% of salary.
2006-11-07 08:35:20 · answer #3 · answered by Phoenix, Wise Guru 7 · 0⤊ 0⤋