Legal Hourly Cost of Employee

Legally Required Cost per Each U.S. Employee Workers' Federal & Social Compensation .05 -3.5% Security 6.2% Medicare State Unemployment m Insurance 6% 1.45% Competitive rates available through a PEO provider. Employers who pay timely are eligible to receive a 5.4% credit. 2012 Average Private Industry Employers Required Paid Benefits by % of taxable earnings - BLS.Gov Workers' Comp. & Unemployment Tax Facts Workers' Comp. Insurace rates are higher for jobs & the businesses that yield a higher risk rate of illness of injury. Self-insured employers or groups of employers must have funds set aside, be certified, & be designated for only WC claims. Unemployment Tax Rates can cost employers more if their industry is prone to lay-offs. The Higher The Risk, The Bigger The Buck per Hour Dollar Avg. of Employer Cost for Legally Required Benefits Per Employee Per Hour Worked - BLS.gov Production, Management & Transportation Professional & Moving Leisure & Education & Construction & Hospitality Health Maintenance Services Soc. Security C.68 per hr. Soc. Security $1.45 per hr. Soc. Security $1.10 per hr. Soc. Security $2.29 per hr. Soc. Security $1.53 per hr. Medicare Medicare Medicare Medicare Medicare C.16 per hr. C.36 per hr. C.26 per hr. C.60 per hr. C.37 per hr. Workers' Comp. ¢.33 per hr. Workers' Workers' Workers' Workers' Comp. Comp. Comp. C.35 per hr. Comp. $1.16 per hr. C.24 per hr. C.69 per hr. I Don't Have to Cost You These guys Manage, Negotiate & Get You Better Rates so Much Einstein HR on All the Above Integrated HR Solutions