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Savings Model Example
b
Current vs. Proposed Example:
  Current Proposed Savings/Cost
Gross Payroll $ 1,760,000      $ 1,760,000
---
FICA (6.20%) $109,120  $109,120  
---
Medicare (1.45%) $25,520 $25,520
---
FUTA 14,772 $14,772
---
SUTA $ 81,450  $ 81,450 
---
Workers Comp $ 149,600 $106,949
$42,651
Admin Cost $ 52,800 $52,800
---
TOTALS
 $2,178,290 $2,135,839
$42,651

 

Your anticipated savings are 42,651 or 29%

 

The US Chamber of Commerce, US Dept of Labor and Small Business Administration estimates that administrative overhead for business with less than 100 employees ranges from 4% - 12%.

# of Employees
1-9 10-24 25-49
% of Payroll
8-12% 4-8% 3-6%

 

 
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National CMServices is a professional employer organization (peo) and staff leasing company. Our human resource administration services and outsourcing solutions provide pay-as-you-go workers compensation insurance, direct deposit payroll processing provider to small business, large organizations and over 30,000 work site employees. Employee benefits include group health care coverage plans, a dental program and hr resources. Providing management solution rate quotes, workmans comp benefit rates and employment agency service quote.    Powered by Altec Design | Optimization by WebRanking.com