Employer Costs for Employee Compensation News Release — 2012-09-11

Private industry employers spent an average of $28.80 per hour worked for employee compensation in June 2012, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $20.27 per hour worked and accounted for 70.4 percent of these costs, while benefits averaged $8.52 and accounted for the remaining 29.6 percent. Total compensation costs for state and local government workers averaged $41.10 per hour worked in June 2012. Total compensation costs for civilian workers, which include private industry and state and local government workers, averaged $30.61 per hour worked in June 2012. 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. In June 2012, average costs in private industry for retirement and savings benefits were $1.02 per hour worked, or 3.5 percent of total compensation.