Benefits share of compensation costs changed little from 1986 to 1998
January 22, 1999
In March 1998, employer costs for employee compensation averaged $18.50 per hour for private industry workers. The compensation package broke down to $13.47 per hour for wages and $5.02 per hour for benefits. The proportion of compensation spent on benefits was about 27 percent—a share that has changed little over the past 12 years.
From 1986 to 1998, the proportion of compensation accounted for by benefits costs has held within the narrow range of 27 to 29 percent. The higher figure was reported in 1993 and 1994, when increases in the cost of health insurance and legally-required benefits, notably workers compensation, pushed the benefits share higher.
Legally-required benefits, including Social Security, were the largest component of benefit costs at about 9 percent. Other benefits with high relative cost shares were paid leave and insurance (mostly health care), each at roughly 6 percent in 1998.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Benefits share of compensation costs changed little from 1986 to 1998 on the Internet at http://www.bls.gov/opub/ted/1999/jan/wk3/art04.htm (visited November 24, 2014).
Three recent editions of Spotlight on Statistics
Housing: before, during, and after the Great Recession
looks at consumer expenditures on household items, employment in residential construction, prices for household items, and injuries in occupations involved in building and maintaining our homes.
Women veterans in the labor force examines the demographic, employment, and unemployment characteristics of women veterans.
BLS Statistics by Occupation provides an overview of occupational employment and wages with an emphasis on STEM jobs and occupational data by typical entry-level education required.