Compensation costs per hour worked in private industry, September 2008
December 11, 2008
In September 2008, private industry employer compensation costs averaged $27.07 per hour worked. Private industry employer wages and salaries averaged $19.14 per hour (70.7 percent), while total benefits averaged $7.93 (29.3 percent).
Private industry employer costs for legally required benefits averaged $2.26 (8.3 percent) per hour worked, insurance benefits averaged $2.07 (7.7 percent), paid leave averaged $1.81 per hour worked (6.7 percent), retirement and savings averaged 97 cents (3.6 percent), and supplemental pay averaged 82 cents (3.0 percent).
Legally required benefits include employer costs for Social Security and Medicare, federal and state unemployment insurance, and worker's compensation.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs per hour worked in private industry, September 2008 on the Internet at http://www.bls.gov/opub/ted/2008/dec/wk2/art04.htm (visited October 02, 2014).
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