September 19, 2012 (The Editor’s Desk is updated each business day.)

Employer costs for employee compensation $28.80 in June 2012

Employer costs per hour worked for employee compensation, private industry workers, selected occupational groups, June 2012
Compensation component   All workers   Management,
professional,
and related
  Service  

Total compensation

$28.80 $51.23 $14.01

Wages and salaries

$20.27 $36.06 $10.55

Total benefits

$8.52 $15.17 $3.45

Paid leave

$1.97 $4.36 $0.58

Vacation

$1.02 $2.29 $0.29

Holiday

$0.61 $1.28 $0.18

Sick

$0.25 $0.57 $0.07

Personal

$0.10 $0.21 $0.03

Supplemental pay

$0.82 $1.62 $0.26

Overtime and premium

$0.25 $0.17 $0.13

Shift differentials

$0.06 $0.12 $0.04

Nonproduction bonuses

$0.51 $1.33 $0.09

Insurance

$2.34 $3.60 $0.93

Life

$0.04 $0.08 (1)

Health

$2.21 $3.34 $0.90

Short-term disability

$0.05 $0.09 (1)

Long-term disability

$0.04 $0.09 (1)

Retirement and savings

$1.02 $2.07 $0.22

Defined benefit

$0.43 $0.71 $0.09

Defined contribution

$0.59 $1.35 $0.13

Legally required benefits

$2.37 $3.53 $1.46

Social Security and Medicare

$1.69 $2.93 $0.91

Social Security

$1.35 $2.33 $0.74

Medicare

$0.33 $0.61 $0.17

Federal unemployment insurance

$0.03 $0.03 $0.04

State unemployment insurance

$0.23 $0.23 $0.19

Workers' compensation

$0.42 $0.34 $0.31

Footnotes:
(1) Cost per hour worked is $0.01 or less.

These data are featured in the TED article, Employer costs for employee compensation $28.80 in June 2012.

 

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