June 12, 2003
In March 2003, private industry employer compensation costs averaged $22.37 per hour worked.
Wages and salaries, which averaged $16.15 per hour, accounted for 72.2 percent of these costs, while benefits, which averaged $6.22, accounted for the remainder.
Legally required benefits, such as Social Security and unemployment insurance, were $1.89 per hour on average, representing the largest non-wage employer cost. Employer costs for insurance benefits averaged $1.52 per hour, paid leave benefits $1.47 per hour, retirement and savings benefits 67 cents per hour and supplemental pay benefits 64 cents per hour.