Employer cost survey released
Published: September 14,2009
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).
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi Film Studios signs contract with New Orleans company
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Board authorizes sale of company that owns Silver Slipper Casino
- MDOT cutting more than 40 jobs in Right-of-Way Division
- GreenTech holds grand opening of neighborhood electric vehicle plant