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 July 02, 2020).
Recent editions of Spotlight on Statistics
- Meal Appeal: Patterns of Expenditures on Food away from Home
Examines spending on food away from home, such as meals or snacks from restaurants, vending machines, employer cafeterias, or other venues.
- Job Flexibilities and Work Schedules in 2017–18
Examines data on job flexibilities, such as working at home, flexible schedules, and shift work.
- Labor Market Activity of Blacks in the United States
Examines data on the labor market and related topics for the Black or African American population.
- Workers’ Access to and Use of Leave from Their Jobs in 2017–18
Examines the reasons for which workers can take leave, their use of leave, and the reasons they did not take available leave even when they needed to.