Aug 27, 2018
The real value of compensation...
The cost of Health insurance for employers is terrifying. Put another way, an employee even at the entry level positions with health insurance, burden and wage is about $45, 000 per year.
For example: a $12.00 wage costs on average 1.2% for burden or 14.40 per hour. Add a health plan at $15,000 per year, equaling about $7.21 per hour. If the math is correct, that comes to 21.61 per hour x 2080hrs = Just shy of $45,000 per year. That does not include the cost of recruiting, turnover, 401K contributions or other perks or bonuses. Maybe the cost using a staffing company is not so bad at a 1.6 markup...
(source - shrm.org)
Acrux Staffing of Wisconsin is a staffing agency / temp agency / job placement agency / recruiting agency / offering job placement services in Fond Du Lac, Oshkosh, Appleton & Green Bay.
Acrux Staffing offers full benefits packages for all of its employees so other employers don’t have to absorb the ever increasing costs of offering health care plans to their own employees.