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Thus, the single employee pays payroll tax on $35,000 (a total of $2,678), while the employee electing for a family plan pays payroll tax on $30,000 (a total of $2,295).

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The data include, for each employee in the analysis, information on pay (base pay and/or an appropriate total compensation construct) and potential “drivers of pay.”

Businesses have continued to provide offerings based on historical practice, rather than viewing this as an opportunity to lead what talent looks like for their organization, and ensuring that their employee value proposition includes a holistic total rewards philosophy that's available to all.

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The challenge for employers is to achieve a new balance of flexibility, total rewards and benefits to retain and engage as well as recruit employees.

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