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In Canada approximately what percentage of an employer's total compensation costs are employee benefits?

User Kuzzooroo
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Final answer:

In Canada, employee benefits typically make up around 15-25% of an employer's total compensation costs.

Step-by-step explanation:

The percentage of an employer's total compensation costs that are allocated to employee benefits can vary depending on the industry, company size, and other factors. In Canada, on average, employee benefits make up about 15-25% of total compensation costs.

These benefits can include health insurance, retirement plans, employer payments to social security, unemployment and worker's compensation insurance, and other similar benefits.

It's important to note that this percentage can change over time and may differ between individual companies.

User Bryan Clark
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