Employee Benefits Cost Calculator

Salary & Annual Benefits (Employer Cost)

Employee's Annual Salary ($):

Enter the **annual** cost to the employer for each benefit, or the percentage of salary.

Health Insurance:

(Annual $)

Dental Insurance:

(Annual $)

Vision Insurance:

(Annual $)

Retirement Match (% of Salary):

(%)

Retirement Match (Annual $):

(Annual $)

Enter EITHER percentage OR amount for Retirement Match. Amount takes priority if both are entered.

Employer Social Security Tax (%):

(%)

Employer Social Security Tax (Annual $):

(Annual $)

Enter EITHER percentage OR amount for Social Security Tax. Amount takes priority if both are entered. Note: This often has a wage base limit not included in this calculation.

Employer Medicare Tax (%):

(%)

Employer Medicare Tax (Annual $):

(Annual $)

Enter EITHER percentage OR amount for Medicare Tax. Amount takes priority if both are entered.

Unemployment Tax (Annual $):

(Annual $)

Paid Time Off (PTO) Cost

Estimate the annual cost to the employer for paid time off (vacation, sick leave, holidays) for this employee.

A simple estimate can be (Annual Salary / ~2080 hours) * (Total Annual PTO Hours) OR (Annual Salary / ~260 days) * (Total Annual PTO Days).

Estimated Annual PTO Cost ($):

(Annual $)

Other Annual Benefits (Employer Cost)

Add any other benefits not listed in the 'Salary & Standard Benefits' or 'PTO' tabs (e.g., life insurance, disability, tuition, parking, bonuses not included in salary). Enter the **annual** cost to the employer.

Calculation Results

Enter values in the tabs above and click Calculate.

The Employee Benefits Cost Calculator is a practical tool for employers and HR professionals to estimate the total expenses associated with employee benefits. Benefits such as health insurance, retirement contributions, paid time off, and other perks contribute significantly to overall compensation costs.

This calculator allows you to input various benefit details, including premium costs, employer contributions, and employee participation rates. It provides a comprehensive estimate of the annual or monthly cost of providing benefits to your workforce.

Using the Employee Benefits Cost Calculator helps businesses budget effectively, evaluate benefits packages, and make informed decisions about employee compensation. It also aids in comparing different benefit plans to optimize cost-efficiency and employee satisfaction.

Employers can use this tool to understand the financial impact of offering benefits, negotiate with providers, and ensure competitive and sustainable benefits offerings. Employees may also find it useful to understand the value of their total compensation beyond base salary.

Whether you manage a small company or a large organization, the Employee Benefits Cost Calculator supports transparent and strategic benefits planning.

Start using the Employee Benefits Cost Calculator today to gain clear insights into your benefits expenses and optimize your compensation strategy.