Employer Costs for Employee Compensation News Release — 2014-09-10
Private industry employers spent an average of $30.11 per hour worked for employee compensation in June 2014, the U.S. Bureau of Labor…
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Private industry employers spent an average of $30.11 per hour worked for employee compensation in June 2014, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $21.02 per hour worked and accounted for 69.8 percent of these costs, while benefits averaged $9.09 and accounted for the remaining 30.2 percent. Total compensation costs for state and local government workers averaged $43.07 per hour worked in June 2014. Total compensation costs for civilian workers, which include private industry and state and local government workers, averaged $31.96 per hour worked in June 2014. Employer Costs for Employee Compensation (ECEC), a product of the National Compensation Survey, measures employer costs for wages, salaries, and employee benefits for nonfarm private and state and local government workers. As a result of problems implementing the 2010 Standard Occupational Classification, Employer Costs for Employee Compensation data for December 2013 and March 2014 contained errors when originally published.
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