District of Columbia Employment Benefits Package
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How to fill out Employment Benefits Package?
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FAQ
Benefits make up 32 percent of an employee's total compensation. However, benefits can vary by the size of the organization, industry group and geographic location. You may want to know how a comparison of higher salary vs. benefits looks in the different types of organizations and industries.
Good benefits can vary based on the company and position, but may include health insurance, dental insurance, vision care, life insurance, paid vacation leave, personal leave, sick leave, child care, fitness benefits, retirement benefits, and college debt relief.
The average benefits package is over 30% of an employee's compensation. So, on a $65,000 salary, that means more than $27,855 is spent (on average) for the benefit plan, which equals a total compensation of $92,855 or more.
Benefits-eligible employees include: All full-time permanent employees. Part-time permanent employees who generally work at least 30 hours per week. Employees with temporary full-time appointments of at least 13 months who are employed by agencies under authority of the Mayor.
Employee-paid pre-tax benefit ? Allow employees to set aside income on a pre-tax basis to cover the cost of commuting by mass transit or vanpools, up to $265 a month. Employer-paid direct benefit ? Offer a tax-free subsidy for transit up to $265 per month and for bicycling up to $20 per month.
Plan, Benefits and Contact 401(a) Retirement Plan: After one year of creditable service, the District government will contribute an amount equal to 5 percent of annual base salary, 5.5 percent for Corrections Officers, to a pension account in the employee's name.
Here are the four main parts to this package. Hourly Wage or Salary. First, the obvious: Employees' pay will make up the bulk of their compensation plan. ... Incentives. Pay raises, bonuses and incentives are all key factors in a compensation plan. ... Health Benefits. ... Retirement Savings.
Health insurance After their salary, health insurance is likely the most essential aspect of employees' compensation. It's one of the most common benefits, ing to our survey data, and employees rate it number one on their wishlist.