Employer cost survey released

Employers spent an average of $1.29 for employee retirement and savings plans for every hour worked in June 2009, the Bureau of Labor Statistics reports. This accounted for 4.4 percent of total compensation.

Total compensation (wages and salaries and benefits) for civilian workers averaged $29.31 per hour worked in June 2009. Wages and salaries, which averaged $20.42, accounted for 69.7 percent of these costs, while benefits, which averaged $8.89, accounted for the remaining 30.3 percent.

In addition to retirement and savings, the other benefit categories were: life, health, and disability insurance benefits, which averaged $2.50 (8.5 percent of total compensation); legally required benefits, including Social Security, Medicare, unemployment insurance and workers’ compensation, which averaged $2.28 per hour (7.8 percent); paid leave benefits (vacations, holidays, sick leave and personal leave), which averaged $2.07 (7.1 percent); and, supplemental pay which averaged $0.76 (2.6 percent).

Close this Window Bookmark and Share This Page

Save to Browser Favorites / Bookmarks

Print RSS Feed Ask backflip blinklist BlogBookmark Bloglines BlogMarks Blogsvine BuddyMarks BUMPzee! CiteULike co.mments

Connotea del.icio.us Digg diigo DotNetKicks DropJack dzone Facebook Fark Faves Feed Me Links Friendsite folkd.com

Furl Google Hugg Jeqq Kaboodle kirtsy linkaGoGo linkedin LinksMarker Ma.gnolia Mister Wong Mixx MySpace

MyWeb Netvouz Newsvine oneview OnlyWire PlugIM Propeller Reddit Rojo Segnalo Shoutwire Simpy Slashdot

Sphere Sphinn Spurl Squidoo StumbleUpon Technorati ThisNext Twitter Webride Windows Live Yahoo!

Email This to a Friend

Copy HTML: 

 If you like this then please subscribe to the RSS Feed.

More »