Total Employee Compensation Package | Financial Calculators for Gate City Bank

Employee Information

$

The annual wages, or salary earned for this position.

The state in which the person holding the position resides. This information is used to calculate employment benefits.

Insurance Benefits

Medical benefits

$

The amount paid by the company for healthcare or medical insurance premiums.

$

The amount paid by the company for life insurance premiums.

Dental benefits

$

The amount paid by the company for dental insurance premiums.

Disability benefits

$

The amount paid by the company for disability insurance premiums.

$

The amount paid by the company for other insurance premiums.

Retirement Benefits

401(k) contributions

%

The percentage of salary that the employer contributes to a retirement plan on the employees behalf.

Other contributions

$

Any other employer paid contributions into a company-sponsored or funded retirement plan.

Fringe Benefits

Fringe benefits

$

Other benefits received by the employee.

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Total Employee Compensation Package
Wages	Government Benefits	Insurance Benefits	Retirement Benefits	Fringe Benefits	Total Compensation

Total Employee Compensation
Compensation Category	Amount	Percent
Wages
Government Benefits
Insurance Benefits
Retirement Benefits
Fringe Benefits
Total Compensation

The cost of an employee is more than their salary. Hiring an employee often involves paying a portion of their social security, medicare and unemployment taxes. Many companies offer benefits regarding various insurance programs, where the company may pay a portion of the cost, contributions to retirement plans or pensions and other fringe benefits that add to the hiring cost. When looking employee compensation, it is important to consider all of these expenses rather than just the direct salary.