Benefits Cost Calculator

According to BLS data, benefits cost employers an average of $12.06 per hour or roughly 30-40% of total compensation. For a $60,000 salary, benefits typically add $18,000-$24,000, bringing total compensation to $78,000-$84,000.

Core benefits include health insurance (most important to employees), dental and vision, retirement plans (401k with match), paid time off, life insurance, and disability coverage. Competitive packages also include wellness programs, professional development, and flexible work options.

The average annual employer cost for health insurance is $8,435 for single coverage and $23,968 for family coverage (KFF 2024). Employers typically cover 83% of single premiums and 73% of family premiums.

The most common 401k match is 50% of employee contributions up to 6% of salary (effectively a 3% match). Some employers offer dollar-for-dollar matching up to 3-6%. The average employer match is approximately 4.7% of salary.

Dewx OPS Hub tracks all benefits costs per employee, models different benefits scenarios, manages PTO accruals and usage, and provides total compensation reports. Dew AI can identify cost-saving opportunities and benchmark your benefits against industry standards.