Employer Total Compensation Costs

Employers, consider showing your employees their true cost to your organization, as many employees only think about their salary. The total cost is quite high.

Since W2s are due this week on January 31, you may want to incorporate a letter showing the value of everything you provide them such as:

Salary
Bonus/overtime
Employer portion of Social Security tax
Employer portion of Medicare tax
Employer portion of health, dental, life insurance
Employer paid life insurance or ADD insurance

Employer paid group term life insurance 

Employer paid disability insurance 
Employer contribution to 401k plan
Other items (such as reimbursement for credentials or licenses or publications)