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.

Employer costs per hour worked for employee compensation, private industry workers, by industry, June 2017
Component Information Financial activities Professional and business services Manufacturing Construction Education and health services Trade, transportation, and utulities Leisure and hospitality

Total compensation

$55.13 $47.58 $40.66 $39.84 $39.18 $35.10 $27.68 $14.53

Total benefits

18.95 16.40 11.78 13.86 11.97 10.45 8.22 3.09

Supplemental pay

2.38 3.52 2.03 1.64 1.08 0.65 0.73 0.14

Retirement and savings

2.58 1.93 1.35 2.20 2.15 1.46 1.10 0.21

Paid leave

5.07 4.03 2.91 3.01 1.72 2.75 1.75 0.44

Legally required benefits

3.63 2.98 3.00 3.00 3.95 2.54 2.33 1.53

Insurance

5.28 3.92 2.48 4.00 3.08 3.04 2.31 0.78

Wages and salaries

36.18 31.18 28.88 25.98 27.20 24.65 19.46 11.44

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.

These data are from the Employment Cost Trends program. To learn more, see "Employer Costs for Employee Compensation — June 2017" (HTML) (PDF).

SUGGESTED CITATION

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 September 23, 2017).

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