Benefits Calculation in Salary
What proportion of employee benefits are assumed to have an in-state impact as opposed to being out-of-state leakage (for example, health insurance premiums are paid to out of state employers, however when an employee visits a local doctor, some of that premium is paid back to the local hospital )? Please find below a list of activities we are including in benefits payments. We are currently assuming that 90% will be in-state and 10% will be leakage to out-of-state
o Medical
o Dental
o RX/Prescription Drugs
o Vision
o Executive Medical
o Medical Employee Contributions
o Dental Employee Contributions
o Vision Employee Contributions
o FICA Expense
o FUTA
o SUI Employer Tax
o 401K Match
o ASO & Other Fees
o Disability Benefits
o Tuition Reimbursement
o Life Ins/AD&D
o Long Term Care
o Wellness Programs
o Other Benefits
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IMPLAN SupportHi Liya, Are you trying to Model just the impacts of these payments or are you looking at Labor Income payments? By default, among other things, the Labor Income Change includes Household Spending Patterns that purchase benefits, so these would already be included at the local rate of local supply, and the benefits values are counted as part of the total Labor Income value. If you are looking at modeling these expenditures as final demand payments from Households and you wanted to assume that 90% of the payments would remain in the Study Area Region you could set LPC to 90%. As far as intermediate and Induced purchases these are purchased by the local RPC rate. If you can provide us more information about how you are setting up your study, we can certainly provide you additional assistance.0
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