Costs for em­ployee com­pen­sa­tion

The Atlanta Journal-Constitution - - BUSINESS -

Em­ployer costs for em­ployee com­pen­sa­tion av­er­aged $35.28 per hour worked in June 2017, the U.S. Bureau of La­bor Statis­tics re­ported re­cently. Wages and salaries av­er­aged $24.10 per hour worked and ac­counted for 68.3 per­cent of th­ese costs, while ben­e­fits av­er­aged $11.18 and ac­counted for the re­main­ing 31.7 per­cent. The em­ployer costs for re­tire­ment and sav­ings av­er­aged $1.92 per em­ployee hour worked (5.4 per­cent of to­tal com­pen­sa­tion).

To­tal em­ployer com­pen­sa­tion costs for pri­vate in­dus­try work­ers av­er­aged $33.26 per hour worked where wages and salaries av­er­aged $23.15 (69.6 per­cent of to­tal com­pen­sa­tion) and ben­e­fit costs av­er­aged $10.11 (30.4 per­cent).

To­tal em­ployer com­pen­sa­tion costs for state and lo­cal gov­ern­ment work­ers av­er­aged $48.06 per hour worked, where wages and salaries av­er­aged $30.12 and ben­e­fit costs av­er­aged $17.94.

Em­ployer Costs for Em­ployee Com­pen­sa­tion mea­sures em­ployer costs for wages, salaries and em­ployee ben­e­fits for non­farm pri­vate and state and lo­cal gov­ern­ment work­ers.

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