11 Statutory Benefits (Every Business Must Offer)

Statutory benefits are the first type of employee benefits that employers must address when running a business. In this article, I am going to talk about what statutory benefits are and give you a list of the most common statutory benefits.

What are Statutory Benefits?

Statutory benefits are the mandatory benefits that all employer must provide their employees. That's because these benefits are required by federal or state law.

Minimum wage
Overtime pay
Employment taxes
Social Security taxes
Medicare taxes
Unemployment insurance

Workers’ compensation insurance
Short term disability (in some states)
Family Medical Leave Act (FMLA)
Affordable Care Act (ACA)
Continuation of coverage benefits (COBRA)