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Tag Archives: employer costs

Health insurance costs exceed $2 per hour

In March 2010, the average cost for health insurance benefits was $2.08 per hour worked in private industry. Among occupational groups, employer costs for health insurance benefits ranged from 92 cents per hour for service workers, to $3.03 per hour for management, professional, and related occupations. In March 2010, among other occupational groups, employer costs for health benefits averaged $1.87 ...

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U.S. employment costs increase

WASHINGTON — U.S. employment costs rose modestly in the first quarter, reflecting an acceleration in the cost of benefits such as pensions. The Labor Department says that its Employment Cost Index rose 0.6 percent for the three months ending in March. It was the biggest quarterly gain since a similar 0.6 percent rise in the third quarter of 2008. Economists ...

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Average compensation costs exceed $27 per hour

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 ...

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