Prevailing Wage

When a contractor performs work on a state prevailing wage project, they must pay employees predetermined wages and fringe benefits. If they do not provide benefits, they must pay the benefits as additional cash wages. Paying all cash wages costs you the most money.

Why?  Because all wages are subject to the following payroll burdens:

  • FICA Contributions
  • Workers Compensation Premiums
  • Public Liability Premiums
  • Federal Unemployment Taxes
  • State Unemployment Taxes

 

West Coast Group Benefits can help you find the best solutions to save you time and money. We have access to a wide product portfolio allowing us to show you several options to select from in order to provide valuable benefits to your employees while you gain the following benefits:

  • Reduced payroll burden
  • Keep private work wages and government wages closer
  • Lower bids to be more competitive
  • Increased profits