Private industry compensation $24.17 per hour on average in March 2005
June 22, 2005
In March 2005, private industry employer compensation costs averaged $24.17 per hour worked.
Wages and salaries averaged $17.15 per hour, while benefits averaged $7.02.
Employer costs for legally required benefits such as Social Security and unemployment insurance averaged $2.10 per hour worked, insurance benefits averaged $1.76, paid leave averaged $1.54, retirement and savings averaged 90 cents, supplemental pay averaged 68 cents, and other benefits averaged 4 cents per hour worked.
These data are from the BLS Compensation Cost Trends program. Additional information is available from "Employer Costs for Employee Compensation, March 2005" (PDF) (TXT), news release USDL 05-1056.
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