What Is the Actual Cost of Your Total Compensation Offerings?
Recruiting Daily Advisor
JANUARY 31, 2019
Most job candidates and employees think of compensation primarily in salary terms, but how aware are they of the total cost of the compensation package you’re offering? This amounts to about 29% of an employee’s total compensation package. Health insurance has gone up by 28% since 2004, while the cost of vacation time has increased 161.8%. per hour and since 2004, the hourly cost has only increased by 3.9%.