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Finding an employee's benefit costs for payroll deductions
Finding an employee's benefit costs for payroll deductions

When you enrol a new employee, here's how to find out what each benefit costs

Alanna avatar
Written by Alanna
Updated over 4 years ago

Many companies perform payroll deductions for benefits. Your company may choose to pay for some benefits, but not all. Or, your company may choose to pay a percentage of benefits.

You may want to immediately know how much an employee will be charged if it's not a fixed monthly amount. For example, health & dental rates do not change month to month, except at annual renewal.

However, benefits tied to salary - such as Life Insurance or Short / Long Term Disability Insurance - are dependent upon salary.

Here's a quick way to determine the monthly premium:

  1. First, head to the 'Employees' tab in your dashboard.

2. Click on an employee. Scroll down and find their benefits. Or, you can click on the suitcase tab to view all benefits.

3. Click on the relevant benefit to find more information.

Here, you can view the monthly premium for that specific benefit, for that employee.

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