What is the average percentage of benefits provided to employees compared to their non-overtime wage?

The average percentage of benefits provided to employees typically ranges around 30% to 40% of their non-overtime wages, which includes costs for health insurance, retirement plans, paid time off, and other employee-related expenses. In this context, 35% is considered a realistic and commonly cited figure that reflects a significant portion of the total compensation package that employers need to budget for when hiring employees.

This percentage takes into account various factors such as local labor market conditions, the nature of the work, and the overall compensation strategy of the employer. Choosing 35% acknowledges that while benefits can vary widely depending on the industry and the specific employer, they represent a substantial addition to the financial investment in each employee. Thus, this figure is a useful benchmark for both employers planning compensation packages and employees understanding the full value of their employment.