Nachrichten / investing

Employer Costs for Employee Compensation News Release — 2021-03-18

Employer costs for employee compensation for civilian workers averaged $38.60 per hour worked in December 2020, the U.S. Bureau of Labor Statistics…

Archiv · 2021-03-18

Historischer Quellenauszug für die Recherche. Zahlen, Vorschriften und der Stand von Verfahren können sich seit der ursprünglichen Veröffentlichung geändert haben.

Read original source

Employer costs for employee compensation for civilian workers averaged $38.60 per hour worked in December 2020, the U.S. Bureau of Labor Statistics reported today. Wages and salaries cost employers $26.53 and accounted for 68.7 percent of total costs, while benefits cost $12.07 and accounted for the remaining 31.3 percent. (See table 1.) State and local government employer costs averaged $53.47 per hour worked. Wages and salaries averaged $33.08 per hour worked and represented 61.9 percent of total compensation costs, while benefit costs averaged $20.39 and accounted for the remaining 38.1 percent. (See tables 1 and 3.) Total employer compensation costs for private industry workers averaged $36.23 per hour worked in December 2020. Wage and salary costs averaged $25.48 and accounted for 70.3 percent of employer costs, while benefit costs were $10.74 and accounted for 29.7 percent.

Research sources & methodology

Original sources and publication references.

Community

Tell us what you are researching. We will review your request.