Employer Costs for Employee Compensation News Release - 2024 Q01 Results — 2024-06-18

Employer costs for employee compensation for civilian workers averaged $46.14 per hour worked in March 2024, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $31.72, while benefit costs averaged $14.41. Total compensation costs for civilian workers were $17.64 at the 10th wage percentile, $34.91 at the 50th (median) wage percentile, and $88.96 at the 90th wage percentile. (See tables A and 1.) Total employer compensation costs for private industry workers averaged $43.78 per hour worked in March 2024. Wages and salaries averaged $30.76 per hour worked and accounted for 70.3 percent of employer costs, while benefit costs averaged $13.02 per hour worked and accounted for the remaining 29.7 percent. Total compensation costs for private industry workers were $16.94 at the 10th wage percentile, $31.81 at the 50th (median) wage percentile, and $84.97 at the 90th wage percentile.