Manufacturing compensation costs in foreign countries and in the United States, 2010
December 27, 2011
In 2010, manufacturing hourly compensation costs in the United States were lower than in several northern and western European countries, Australia, and Canada, but higher than in the United Kingdom and 19 countries in southern and eastern Europe, Asia, and South America.
From 2009 to 2010, U.S. hourly compensation costs rose about 2 percent to $34.74.
The total benefits portion of compensation costs can be seen by combining social insurance with directly-paid benefits, also described as the benefit components of manufacturing employers’ compensation costs as a percent of total costs.
In countries with the highest ratio of social insurance costs, such as Sweden, Belgium, and Brazil, social insurance makes up approximately one-third of total compensation costs. In the United States, social insurance costs account for about 24 percent of total compensation, while in the Asian countries social insurance is less than 20 percent.
Directly-paid benefits comprise pay for leave time, bonuses, and pay in kind. The percentage of compensation that is directly-paid benefits tends to be higher in many European countries (due in large part to leave pay) and in Japan (where seasonal bonuses are a large portion of costs). Directly-paid benefits are a relatively smaller portion of costs in countries such as the United States, Australia, and Canada.
These data are from the International Labor Comparisons program. To learn more, see "International Comparisons of Hourly Compensation Costs in Manufacturing, 2010," (HTML) (PDF) news release USDL-11-1778.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Manufacturing compensation costs in foreign countries and in the United States, 2010 on the Internet at http://www.bls.gov/opub/ted/2011/ted_20111227.htm (visited August 28, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.