Showing posts with label Social Security. Show all posts
Showing posts with label Social Security. Show all posts

Thursday, March 15, 2012

EMPLOYER COSTS FOR EMPLOYEE COMPENSATION - DECEMBER 2011


Private industry employers spent an average of $28.57 per hour worked for total employee compensation in December 2011, the U.S. Bureau of Labor Statistics reported today.

Wages and salaries averaged $20.14 per hour worked and accounted for 70.5 percent of these costs, while benefits averaged $8.43 and accounted for the remaining 29.5 percent.

Total compensation costs for state and local government workers averaged $40.90 per hour worked in December 2011. Total employer compensation costs for civilian workers, which include private industry and state and local government workers, averaged $30.45 per hour worked in December 2011.

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