CWS 3.0: March 13, 2013

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Benefits Costs Nearly a Third of Total Compensation

In 2012, the cost of benefits as a percentage of total employee compensation rose to 29.6 percent, its highest level since Staffing Industry Analysts began tracking it in 1986. Rising healthcare costs have been a major driver of this upward trend over the last decade, and the Affordable Care Act could have a substantial effect on this percentage starting next year. More companies may choose to offer health insurance as a result of Affordable Care Act implementation. On the other hand, companies may choose to stop offering coverage and have their workers buy insurance on the market exchanges, though they then could be subject to penalties.

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