Average compensation costs exceed $27 per hour
Published: March 12,2010
Private industry employers spent an average of $27.42 per hour worked for total employee compensation in Dec. 2009, the U.S. Bureau of Labor Statistics reports.
Wages and salaries averaged $19.41 per hour worked and accounted for 70.8 percent of these costs, while benefits averaged $8.00 and accounted for the remaining 29.2 percent.
Total compensation costs for state and local government workers averaged $39.60 per hour worked in Dec. 2009.
Total employer compensation costs for civilian workers, which include private industry and state and local government workers, averaged $29.37 per hour worked in Dec. 2009.
Private industry employer costs for paid leave benefits averaged $1.86 per hour worked. Private industry paid leave benefit costs were highest for management, professional and related occupations, $4.05 per hour, or 8.4 percent of total compensation, in Dec. 2009. Costs were lowest among service occupations, 58 cents, or 4.2 percent of total compensation.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- BILL CRAWFORD: Dan Jones not the angel he is portrayed to be
- JOSH MABUS: Bill Murray and business misfits
- The Dan Jones-IHL saga: Is this the story that started it all?
- Analysis: Closed meetings can feed false public impressions
- Email from Nash to Delta Council’s Morgan included in DHA court file
- DAVID DALLAS — From Dan and Dixie with love
- Bill would use casino taxes for bridges, little for tourism
- Suit against Kemper employee Brett Wingo is dismissed
- Statue depicts famous duel that originated 'Bowie knife'