Are the figures salary or compensation?
There is a difference.
Those benefits cost something.
A company budgets on the order of 30% more than the salary to cover insurance, 401(k) matching, FICA taxes and so on.
So that engineer making $150k may be getting $200k in compensation when the whole package is figured.
Salary is typically a subset of compensation.
There is a difference.
Those benefits cost something.
A company budgets on the order of 30% more than the salary to cover insurance, 401(k) matching, FICA taxes and so on.
So that engineer making $150k may be getting $200k in compensation when the whole package is figured.
Salary is typically a subset of compensation.