The Employer Costs for Employee Compensation (ECEC) measures the average employer cost per employee hour worked for total compensation, wages and salaries, and benefits, and costs as a percent of total compensation. These data are collected through the National Compensation Survey (NCS) and provide information about average compensation in the economy at a point in time.
Employer costs are available for 23 different benefits, including paid leave—vacation, holiday, sick, and personal leave; supplemental pay—overtime and premium, shift differentials, and nonproduction bonuses; insurance—life, health, short-term and long-term disability; retirement and savings— defined benefit and defined contribution; and legally required benefits—Social Security, Medicare, federal and state unemployment insurance, and workers’ compensation.
Employer costs for private industry workers averaged $28.97 per hour worked for wages and salaries and $12.06 for benefits in June 2023. Social Security costs were $1.97 per hour, accounting for 4.8 percent of total compensation costs.
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