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Employee Benefits: A Key Part of Job Compensation

Money Talk

Also known as “fringe” (short for fringe benefits) or “perks.” employee benefits generally equal 25% to 50% of a worker’s gross pay. Thus, they are a key part of workers’ total compensation package. Purposes of employee benefits include: ¨ recruit and retain talented employees (e.g., sick day pay is fully taxable.

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Benchmarking Employee Benefits: How Do You Compare?

Stratus.HR

A number of states have also added paid sick leave to their list of required benefit offerings, making compliance easier to track when sick leave is separated from vacation. Benchmarking Employee Benefits: Recruiting and Retention. 45% – Offering greater workplace flexibility.