Budgeting for Employee Benefits

Date of Submission

1984

Document Type

Thesis

Degree Name

Master of Science in Accounting

Department

Accounting

Advisor

Robert Wnek

LCSH

Employee fringe benefits--Accounting

Call No. at the Univ. of New Haven Library

AS 36 .N29 Acc. 1984 no.3

Abstract

Employee benefit growth, during recent years, has substantially improved workers' well-being, and has also increased the cost of doing business. Estimates done by the U.S. Chamber of Commerce show that wages and salaries have increased more than fivefold from 1959 to 1980, as compared to employers' costs for employee benefits, which have increased almost ninefold during the same time period. As a result of this approximate doubling in the ratio of benefit costs to wages and salaries, a more in-depth understanding of the various types of benefits and the underlying criteria (factors) effecting their costs is required by those financial groups responsible for projecting (budgeting) their costs.

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