Fringe benefit payments account for about thirty percent of payroll costs today.

Name: Fringe benefit payments account for about thirty percent of payroll costs today.
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Fringe benefits, such as healthcare, retirement plans, and paid time off, have become a significant part of employee compensation in many industries. According to the Bureau of Labor Statistics, benefits account for an average of 30% of total employee compensation costs for private industry employers in the United States.

Fringe Benefit Payments Account for About Thirty Percent of Payroll