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Surveys show employee benefits cost 30% to 40% of payroll for the average employee.
However, most employees have little appreciation of the costs associated with their
benefits or little knowledge of the specific benefit payable in the event of their
sickness, death, or retirement. It may not be lack of gratitude, but lack
of knowledge. Most employees are simply unaware of the total cost of their
employee benefit package and would be stunned to realize that the average employer
pays over 38% of their monthly salary toward medical, dental, life insurance, savings
programs and other employee benefits. At Conrad Siegel
Actuaries, our
Comprehensive Benefit Statement clearly communicates the cost and value
of your company's benefits and details the "hidden paycheck" that you
provide your staff in an understandable, easy-to-read manner.
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