Employer costs for employee compensation $55.13 per hour in information industry, June 2017
September 12, 2017
Total employer compensation costs for workers in the information industry averaged $55.13 per hour worked, with wages and salaries averaging $36.18 and benefit costs averaging $18.95. Employer costs for insurance averaged $5.28, and paid leave benefits averaged $5.07.
|Component||Information||Financial activities||Professional and business services||Manufacturing||Construction||Education and health services||Trade, transportation, and utulities||Leisure and hospitality|
Retirement and savings
Legally required benefits
Wages and salaries
Total employer compensation costs in financial activities averaged $47.58, and in and professional and business services, $40.66.
Employer costs in leisure and hospitality averaged $14.53 per hour worked. Wages and salaries averaged $11.44, and benefit costs averaged $3.09. Employer costs for legally required benefits averaged $1.53, nearly half of total benefit costs.
Total employer compensation costs for all private industry workers averaged $33.26 per hour worked, with wages and salaries averaging $23.15 (69.6 percent of total compensation) and benefit costs averaging $10.11.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employer costs for employee compensation $55.13 per hour in information industry, June 2017 on the Internet at https://www.bls.gov/opub/ted/2017/employer-costs-for-employee-compensation-55-point-13-per-hour-in-information-industry-june-2017.htm (visited November 22, 2019).
Recent editions of Spotlight on Statistics
- A look at employment and wages in U.S. establishments with foreign ownership
Examines employment and wages in U.S. establishments that have at least one foreign owner with at least 10 percent ownership.
- 25 years of Worker Injury, Illness, and Fatality Case Data
Examines detailed historical data on work-related injuries, illnesses, and fatal injuries.
- Occupational employment projections through the perspective of education and training
Examines employment, projected employment growth, and wages for occupations with different education and training requirements.
- Workers in Alternative Employment Arrangements
A look at independent contractors, on-call workers, temporary help agency workers, and workers provided by contract firms.