AMERICAS

$100K salary
total cost
benchmark

An overview of total employment costs in North

and South America
 AMERICAS – $100K Salary Total Cost Benchmark

$100K salary total cost

benchmark

Canada (Ontario)
$109,780.64
NEW
BRUNSWICK

USA (Federal)
$113,650.00

Mexico
$143,730.00

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 AMERICAS – $100K Salary Total Cost Benchmark

$100K salary total cost

benchmark
Panama
$121,340.00

Colombia
$127,460.00

Peru
$109,000.00
Brazil
$130,500.00

Chile
$104,390.00

Argentina
$129,916.96

03
 AMERICAS – $100K Salary Total Cost Benchmark

Argentina

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

Pension Fund 21.00% $1,750.00 $21,000.00
Health Insurance 6.00% $500.00 $6,000.00
Labor Risk Insurance 2.41% $200.83 $2,410.00
Life Insurance 0.50% $41.67 $500.00
Occupational Disease Trust Fund ARS 100.00 $0.58 $6.96

Total employment Costs $10,826.41 $129,916.96

Brazil

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

Social Security Contributions (INSS) 22.50% $1,875.00 $22,500.00
Employees Severance Indemnity Fund (FGTS) 8.00% $666.67 $8,000.00

Total employment Costs $10,875.00 $130,500.00

Canada (Ontario)

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

Canada Pension Plan (CPP) 5.70% $475.00 $5,700.00
Employment Insurance (EI) premiums 2.21% $184.17 $2,210.00
Workers Compensation contribution 1.37 CAD for every 100 CAD $155.89 $1,870.64

Total employment Costs $9,148.39 $109,780.64

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 AMERICAS – $100K Salary Total Cost Benchmark

Chile

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

Unemployment 2.40% $200.00 $2,400.00
Disability and Survival Insurance (SIS) 1.99% $165.83 $1,990.00

Total employment Costs $8,699.16 $104,390.00

Colombia

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

Pension Fund 12.00% $1,000.00 $12,000.00
Medical Plan 8.50% $708.33 $8,500.00
Labor Risks 6.96% $580.00 $6,960.00
*Family Compensation Funds
*Family Welfare
*National Apprenticeship Service

Total employment Costs $10,621.66 $127,460.00

* Not included in total, as only applicable to specific employee related earnings

Mexico

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

Social Security contributions 33.58% $2,798.33 $33,580.00
Retirement 5.15% $429.17 $5,150.00
National Housing Fund 5.00% $416.67 $5,000.00

Total employment Costs $11,977.50 $143,730.00

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 AMERICAS – $100K Salary Total Cost Benchmark

Panama

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

Social Security 12.25% $1,020.83 $12,250.00
Unemployment 1.92% $160.00 $1,920.00
Education Tax 1.50% $125.00 $1,500.00
*Accident 5.67% $472.50 $5,670.00

Total employment Costs $10,111.66 $121,340.00

*Range dependent on employment risk

Peru

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

Health Insurance 9.00% $750.00 $9,000.00

Total employment Costs $9,083.33 $109,000.00

USA (Federal)

Employment Cost Simulation Monthly Yearly

Employee Gross Salary $8,333.33 $100,000.00

FICA Social Security 6.20% $516.67 $6,200.00
FICA Medicare 1.45% $120.83 $1,450.00
Federal Unemployment Tax Act 6.00% $500.00 $6,000.00

Total employment Costs $9,470.83 $113,650.00

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