Compensation costs in private industry and private industry health care

September 17, 2013

Overall, private industry employers spent an average of $29.11 per hour worked for employee compensation in June 2013. Wages and salaries averaged $20.47 per hour worked, while benefits averaged $8.64. Private industry hospitals spent an average of $39.45 per hour worked ($26.59 for wages and salaries and $12.85 for benefits). Average compensation costs were $20.52 in private industry nursing and residential care facilities ($14.89  for wages and salaries, $5.63 for benefits).

 

Employer costs per hour worked for employee compensation, all private industry, hospitals, and nursing and residential care facilities, June 2013
Compensation componentPrivate industry workers      Hospitals      Nursing and residential care facilities

Total compensation

$29.11$39.45$20.52

Total benefits

8.6412.855.63

Paid leave

2.003.381.35

Supplemental pay

0.801.200.41

Insurance

2.393.931.67

Retirement and savings

1.071.520.29

Legally required benefits

2.392.831.92

Wages and salaries

20.4726.5914.89

Note: The sum of individual items may not equal totals due to rounding.
 

 

Overall, private industry employer costs for paid leave averaged $2.00 per hour worked, supplemental pay averaged 80 cents, insurance benefits averaged $2.39, retirement and savings averaged $1.07, and legally required benefits averaged $2.39 per hour worked.

In private hospitals, employer costs for benefits were all higher than the average for all private employers. Paid leave averaged $3.38 per hour worked, supplemental pay averaged $1.20, insurance benefits averaged $3.93, retirement and savings averaged $1.52, and legally required benefits averaged $2.83 per hour worked.

In private nursing and residential care facilities, benefits costs were all lower than the average for all private employers. Paid leave averaged $1.35 per hour worked, supplemental pay averaged 41 cents, insurance benefits averaged $1.67, retirement and savings averaged 29 cents, and legally required benefits averaged $1.92.

These data are from the Employment Cost Trends program. To learn more, see "Employer Costs for Employee Compensation — June 2013" (HTML) (PDF), news release USDL-13-1835.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry and private industry health care on the Internet at http://www.bls.gov/opub/ted/2013/ted_20130917.htm (visited November 26, 2014).

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