Home » In December private industry employers spent $28.57 per hour worked for compensation

In December private industry employers spent $28.57 per hour worked for compensation

EMPLOYER COSTS FOR EMPLOYEE COMPENSATION

DECEMBER 2011 Private industry employers spent an average of $28.57 per hour worked for total employee compensation in December 2011, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $20.14 per hour worked and accounted for 70.5 percent of these costs, while benefits averaged $8.43 and accounted for the remaining 29.5 percent. Total compensation costs for state and local government workers averaged $40.90 per hour worked in December 2011. Total employer compensation costs for civilian workers, which include private industry and state and local government workers, averaged $30.45 per hour worked in December 2011.

Employer Costs for Employee Compensation (ECEC), a product of the National Compensation Survey, measures employer costs for wages, salaries, and employee benefits for nonfarm private and state and local government workers.

 

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