Employer cost for employee compensation $29.63 per hour, December 2013
March 13, 2014
Nationwide, private industry employers spent an average of $29.63 per hour worked for total employee compensation in December 2013. Wages and salaries averaged $20.76 per hour worked (and accounted for 70.1 percent of total employee compensation costs), while total benefits costs averaged $8.87 (accounting for the remaining 29.9 percent).
|Compensation component||United States||Northeast||West||Midwest||South|
Retirement and savings
Legally required benefits
Wages and salaries
Note: The sum of individual items may not equal totals due to rounding.
Total benefits costs consist of paid leave benefits (which averaged $2.05 per hour worked), supplemental pay (which averaged 85 cents per hour worked), insurance benefits ($2.45), retirement and savings ($1.10), and legally required benefits ($2.43).
By region, total employee compensation costs per hour worked in December 2013 ranged from $26.93 in the South to $33.87 in the Northeast. Wages and salaries ranged from the South's $19.20 to the Northeast's $23.25. Total benefits costs were $7.73 and $10.61, respectively, in these two regions.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employer cost for employee compensation $29.63 per hour, December 2013 on the Internet at http://www.bls.gov/opub/ted/2014/ted_20140313.htm (visited February 01, 2015).
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