Benefits account for 31.4 percent of the total compensation of American civilian workers, according to data released in June of this year by the U.S. Bureau of Labor Statistics (BLS). The BLS defines “benefits” as forms of compensation apart from wages and salaries that include paid leave, supplemental pay, insurance, retirement and savings contributions, and […]
Benefits account for 31.4 percent of the total compensation of American civilian workers, according to data released in June of this year by the U.S. Bureau of Labor Statistics (BLS).
The BLS defines “benefits” as forms of compensation apart from wages and salaries that include paid leave, supplemental pay, insurance, retirement and savings contributions, and legally required benefit contributions such as Social Security, Medicare, workers’ compensation, and unemployment insurance.
The BLS release was the bureau’s report on Employer Costs for Employee Compensation (ECEC), which is a product of the National Compensation Survey. The findings reflect data from March 2019.
The release notes that, “The ECEC covers the civilian economy, which includes data from both private industry and state and local government. Excluded from private industry are the self-employed, agricultural workers, and private household workers. Federal government workers are excluded from the public sector.”
Among private-industry workers, benefits make up 29.9 percent of total compensation, while for state and local-government workers, the total is 37.6 percent.
State and local-government employees receive both higher total benefits (85 percent more) and wages and salaries (31 percent higher) than private-industry workers. As a result, total compensation costs are also higher for the state and local-government sector with an average cost of $50.89 per hour, almost 48 percent more than the average of $34.49 an hour for private-industry workers.
The largest single benefit-cost category is health insurance, which accounts for 8.3 percent of compensation of civilian workers, followed by legally required benefits at 7.3 percent, and then paid leave of all types combined (vacation, holiday, sick, and personal time) at 7.2 percent.
The ECEC release also includes data for compensation costs by occupational and industry group. Benefits as a percentage of total compensation ranges from a low of 21.4 percent among workers in the private industry “Accommodation and Food Services” category to a high of 42.5 percent in the state and local government “Service” category.
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Benefits account for 31.4 percent of the total compensation of American civilian workers, according to data released in June of this year by the U.S. Bureau of Labor Statistics (BLS).
The BLS defines “benefits” as forms of compensation apart from wages and salaries that include paid leave, supplemental pay, insurance, retirement and savings contributions, and legally required benefit contributions such as Social Security, Medicare, workers’ compensation, and unemployment insurance.
The BLS release was the bureau’s report on Employer Costs for Employee Compensation (ECEC), which is a product of the National Compensation Survey. The findings reflect data from March 2019.
The release notes that, “The ECEC covers the civilian economy, which includes data from both private industry and state and local government. Excluded from private industry are the self-employed, agricultural workers, and private household workers. Federal government workers are excluded from the public sector.”
Among private-industry workers, benefits make up 29.9 percent of total compensation, while for state and local-government workers, the total is 37.6 percent.
State and local-government employees receive both higher total benefits (85 percent more) and wages and salaries (31 percent higher) than private-industry workers. As a result, total compensation costs are also higher for the state and local-government sector with an average cost of $50.89 per hour, almost 48 percent more than the average of $34.49 an hour for private-industry workers.
The largest single benefit-cost category is health insurance, which accounts for 8.3 percent of compensation of civilian workers, followed by legally required benefits at 7.3 percent, and then paid leave of all types combined (vacation, holiday, sick, and personal time) at 7.2 percent.
The ECEC release also includes data for compensation costs by occupational and industry group. Benefits as a percentage of total compensation ranges from a low of 21.4 percent among workers in the private industry “Accommodation and Food Services” category to a high of 42.5 percent in the state and local government “Service” category.
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Benefits account for 31.4 percent of the total compensation of American civilian workers, according to data released in June of this year by the U.S. Bureau of Labor Statistics (BLS). The BLS defines “benefits” as forms of compensation apart from wages and salaries that include paid leave, supplemental pay, insurance, retirement and savings contributions, and […]
Benefits account for 31.4 percent of the total compensation of American civilian workers, according to data released in June of this year by the U.S. Bureau of Labor Statistics (BLS).
The BLS defines “benefits” as forms of compensation apart from wages and salaries that include paid leave, supplemental pay, insurance, retirement and savings contributions, and legally required benefit contributions such as Social Security, Medicare, workers’ compensation, and unemployment insurance.
The BLS release was the bureau’s report on Employer Costs for Employee Compensation (ECEC), which is a product of the National Compensation Survey. The findings reflect data from March 2019.
The release notes that, “The ECEC covers the civilian economy, which includes data from both private industry and state and local government. Excluded from private industry are the self-employed, agricultural workers, and private household workers. Federal government workers are excluded from the public sector.”
Among private-industry workers, benefits make up 29.9 percent of total compensation, while for state and local-government workers, the total is 37.6 percent.
State and local-government employees receive both higher total benefits (85 percent more) and wages and salaries (31 percent higher) than private-industry workers. As a result, total compensation costs are also higher for the state and local-government sector with an average cost of $50.89 per hour, almost 48 percent more than the average of $34.49 an hour for private-industry workers.
The largest single benefit-cost category is health insurance, which accounts for 8.3 percent of compensation of civilian workers, followed by legally required benefits at 7.3 percent, and then paid leave of all types combined (vacation, holiday, sick, and personal time) at 7.2 percent.
The ECEC release also includes data for compensation costs by occupational and industry group. Benefits as a percentage of total compensation ranges from a low of 21.4 percent among workers in the private industry “Accommodation and Food Services” category to a high of 42.5 percent in the state and local government “Service” category.
