Publisher's Synopsis
Private industry employers spent an average of $31.32 per hour worked for total employee compensation in December 2014, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $21.72 per hour worked and accounted for 69.4 percent of these costs, while benefits averaged $9.60 and accounted for the remaining 30.6 percent. Total compensation costs for state and local government workers averaged $43.95 per hour worked in December 2014. Total employer compensation costs for civilian workers, which include private industry and state and local government workers, averaged $33.13 per hour worked in December 2014. Employer Costs for Employee Compensation (ECEC), a product of the National Compensation Survey, measures employer costs for wages, salaries, and employee benefits for nonfarm private and state and local government workers.
