Cost a benefits package per employee and express it as a percentage of salary.
The result is the signed sum of its components: positive items are added and deductions subtracted. Expressing it as a share of the positive components shows how much of the gross figure survives to the bottom line. Working the benefits package up from its components makes clear which line is moving it, which a single headline number hides.
Employee Benefit Cost
Net Employer Benefit Cost per Employee = Health insurance + Pension contribution + Life and income protection + Wellbeing, learning and other perks − Employee contribution toward benefits
Net Employer Benefit Cost per Employee = Health insurance + Pension contribution + Life and income protection + Wellbeing, learning and other perks − Employee contribution toward benefits The result is the signed sum of its components: positive items are added and deductions subtracted. Expressing it as a share of the positive components shows how much of the gross figure survives to the bottom line.
Working the benefits package up from its components makes clear which line is moving it, which a single headline number hides.
This calculator takes 5 inputs: Health insurance, Pension contribution, Life and income protection, Wellbeing, learning and other perks, Employee contribution toward benefits. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.