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Civilian compensation costs average $33.58 per hour worked in December
Civilian compensation costs average $33.58 per hour worked in December
Economic News Release
Employer Costs for Employee Compensation news release USDL-16-0463
FOR RELEASE 10:00 A.M. (EST) THURSDAY, MARCH 10, 2016
Technical information: (202) 691-6199 ncsinfo@bls.gov www.bls.gov/ect
Media contact: (202) 691-5902 pressoffice@bls.gov
EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – DECEMBER 2015
Employer costs for employee compensation for civilian workers averaged $33.58 per hour worked in December 2015, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $23.06 per hour worked and accounted for 68.7 percent of these costs, while benefits averaged $10.52 and accounted for the remaining 31.3 percent. Total employer compensation costs for private industry workers averaged $31.70 per hour worked in December 2015.
Employer Costs for Employee Compensation (ECEC), a product of the National Compensation Survey, measures employer costs for wages and salaries, and employee benefits for nonfarm private and state and local government workers.
Benefit costs in private industry
Private industry employer costs for paid leave averaged $2.18 per hour worked or 6.9 percent of total compensation, supplemental pay averaged $1.06 or 3.3 percent, insurance benefits averaged $2.54 or 8.0 percent, retirement and savings averaged $1.25 or 4.0 percent, and legally required benefits averaged $2.53 per hour worked or 8.0 percent. (See table A and table 5.)
Supplemental pay benefit costs in private industry
Supplemental pay costs for private industry workers in December 2015 averaged $1.06 per hour worked or 3.3 percent of total compensation. Supplemental pay includes employer costs for employee overtime and premium pay, shift differentials, and nonproduction bonuses.
Economic News Release
Employer Costs for Employee Compensation news release USDL-16-0463
FOR RELEASE 10:00 A.M. (EST) THURSDAY, MARCH 10, 2016
Technical information: (202) 691-6199 ncsinfo@bls.gov www.bls.gov/ect
Media contact: (202) 691-5902 pressoffice@bls.gov
EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – DECEMBER 2015
Employer costs for employee compensation for civilian workers averaged $33.58 per hour worked in December 2015, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $23.06 per hour worked and accounted for 68.7 percent of these costs, while benefits averaged $10.52 and accounted for the remaining 31.3 percent. Total employer compensation costs for private industry workers averaged $31.70 per hour worked in December 2015.
Employer Costs for Employee Compensation (ECEC), a product of the National Compensation Survey, measures employer costs for wages and salaries, and employee benefits for nonfarm private and state and local government workers.
Benefit costs in private industry
Private industry employer costs for paid leave averaged $2.18 per hour worked or 6.9 percent of total compensation, supplemental pay averaged $1.06 or 3.3 percent, insurance benefits averaged $2.54 or 8.0 percent, retirement and savings averaged $1.25 or 4.0 percent, and legally required benefits averaged $2.53 per hour worked or 8.0 percent. (See table A and table 5.)
Supplemental pay benefit costs in private industry
Supplemental pay costs for private industry workers in December 2015 averaged $1.06 per hour worked or 3.3 percent of total compensation. Supplemental pay includes employer costs for employee overtime and premium pay, shift differentials, and nonproduction bonuses.
