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Calcimator

Benefits Cost Per Employee Calculator

Calculate monthly employer cost for benefits per employee.

Inputs

$
$
$
$
$
$
$
$

Results

Monthly Cost Per Employee

$1,720.00

≈ 13 pairs of sneakers

Annual Cost Per Employee$20,640.00
Total Annual Benefits Cost$1,032,000.00
Benefits as % of Salary29.5%
Total Burdened Cost (per employee)$90,640.00
Burden Rate29.5%
How to Use This Calculator
  1. Enter the employer's monthly health insurance contribution per employee.
  2. Add dental and vision, retirement match, life and disability, and other monthly benefit costs.
  3. Input monthly employer payroll taxes (FICA, FUTA, SUTA).
  4. Review the total monthly and annual benefit cost per employee.
  5. Compare total compensation cost to the employee's base salary to see the true labor cost multiplier.

How the result changes with Health Insurance (Employer Monthly)

Health Insurance (Employer Monthly)Monthly Cost Per Employee
$1,000.00$2,120.00
$3,500.00$4,620.00
$6,500.00$7,620.00
$9,000.00$10,120.00

What each input means

Health Insurance (Employer Monthly)
Monthly employer health insurance contribution.
Dental & Vision (Monthly)
Monthly employer dental and vision cost.
401(k) / Retirement (Monthly)
Monthly employer retirement contribution.
Life & Disability (Monthly)
Monthly life insurance and disability premiums.
Payroll Taxes (Monthly)
Monthly employer payroll taxes (FICA, FUTA, SUTA).
Workers Comp (Monthly)
Monthly workers compensation premium.
Other Benefits (Monthly)
Other monthly benefits (commuter, wellness, etc.).
Number of Employees
Total number of employees.
Average Annual Salary
Average employee annual salary.

How this is calculated

Worked example, using the default values

  1. Identify Input Parameters
    4 parameters
    Health Insurance (Employer Monthly) = 600, Dental & Vision (Monthly) = 50, 401(k) / Retirement (Monthly) = 350, Life & Disability (Monthly) = 45 = 9 input(s) provided
  2. Calculate Monthly Cost Per Employee
    Monthly Cost Per Employee
    1720 = $1,720
  3. Calculate Annual Cost Per Employee
    Annual Cost Per Employee
    20640 = $20,640
  4. Calculate Total Annual Benefits Cost
    Total Annual Benefits Cost
    1032000 = $1,032,000

Engine last updated . Checked against 2 independently-derived tests — how we verify calculators.

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