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).
|Compensation component||Private industry workers||Hospitals||Nursing and residential care facilities|
Retirement and savings
Legally required benefits
Wages and salaries
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.
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 December 20, 2014).
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