Employee Benefits Required by Law

The legally required employee benefits constitute nearly a quarter of the benefits package that employers provide.
These benefits include employer contributions to Social Security, unemployment
insurance, and workers' compensation insurance. Altogether such benefits
represent about twenty-one and half percent of payroll costs.
Social Security.
Social Security is the federally administered insurance system. Under current federal laws, both employer and employee must pay into the system, and a certain percentage of the employee's salary is paid up to a maximum limit. …