1Employee benefit cost includes medical, dental, vision, life and disability insurance. 2Other personnel costs include FICA, unemployment compensation, workers compensation and other miscellaneous fringe benefits.
These rates are based on survey responses of less than 25% of each graduating class (SVSU Office of Institutional Research).
Many of the Michigan public universities do not routinely and systematically survey all their graduating seniors to gather data for a reliable response to this metric. At present there is no common core set of questions and no consistent date for survey administration. Depending on the institution and the timing, response rates may be low and also biased towards students who have been successful in either entering the workforce or a graduate program. While institutions are making an effort to report the data that is available to them, care should be taken in interpreting the results.