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SEPTEMBER 20, 2000
STAFF & BENEFITS
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What Benefits Cost: A Detailed Breakdown
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A look at the individual components of compensation and how much each contributes to total costs, plus the average cost of benefits at a typical small company
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| Compensation component |
|
1 to 99 Workers
$$$ |
|
% |
|
100-499 Workers
$$$ |
|
% |
| |
| Total compensation |
|
$17.16 |
|
100 |
|
$19.30 |
|
100 |
| |
| Wages and salaries |
|
12.95 |
|
75.5 |
|
14.05 |
|
72.8 |
| |
| Total benefits |
|
4.21 |
|
24.5 |
|
5.25 |
|
27.2 |
| |
| Paid leave |
|
0.92 |
|
5.4 |
|
1.23 |
|
6.4 |
| Vacation |
|
0.46 |
|
2.7 |
|
0.6 |
|
3.1 |
| Holiday |
|
0.32 |
|
1.9 |
|
0.43 |
|
2.2 |
| Sick |
|
0.11 |
|
0.6 |
|
0.15 |
|
0.8 |
| Other |
|
0.03 |
|
0.2 |
|
0.06 |
|
0.3 |
| |
| Supplemental pay |
|
0.47 |
|
2.7 |
|
0.59 |
|
3.1 |
| Premium |
|
0.17 |
|
1 |
|
0.26 |
|
1.3 |
| Shift differentials |
|
-2 |
|
-3 |
|
0.06 |
|
0.3 |
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| Nonproduction bonuses |
|
0.29 |
|
1.7 |
|
0.28 |
|
1.5 |
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| Insurance |
|
0.89 |
|
5.2 |
|
1.2 |
|
6.2 |
| Life |
|
0.03 |
|
0.2 |
|
0.05 |
|
0.3 |
| Health |
|
0.82 |
|
1.09 |
|
5.6 |
| Short-term disability |
|
0.02 |
|
0.1 |
|
0.04 |
|
0.2 |
| Long-term disability |
|
0.02 |
|
0.1 |
|
0.03 |
|
0.2 |
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| Retirement and savings |
|
0.4 |
|
2.3 |
|
0.56 |
|
2.9 |
| Defined benefit. |
|
0.14 |
|
0.8 |
|
0.21 |
|
1.1 |
| Defined contribution |
|
0.26 |
|
1.5 |
|
0.35 |
|
1.8
|
| |
| Legally required benefits |
|
1.53 |
|
8.9 |
|
1.65 |
|
8.5 |
| Social Security |
|
1.07 |
|
6.2 |
|
1.17 |
|
6.1 |
| OASDI. |
|
0.86 |
|
5 |
|
0.94 |
|
4.9
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| Medicare |
|
0.21 |
|
1.2 |
|
0.23 |
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1.2 |
| Federal unemployment insurance |
|
0.03 |
|
0.2 |
|
0.03 |
|
0.2 |
| State unemployment insurance |
|
0.1 |
|
0.6 |
|
0.1 |
|
0.5 |
| Workers' compensation. |
|
0.33 |
|
1.9 |
|
0.34 |
|
1.8 |
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| Other benefits |
|
-2 |
|
-3 |
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0.02 |
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0.1 |
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| DATA: Bureau of Labor Statistics |
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[an error occurred while processing this directive]
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Copyright 2000, Bloomberg L.P.