Supplemental pay in the finance and insurance industry
April 27, 2010
Over the period from 2006 to 2009, supplemental pay—overtime, bonuses, and shift differentials combined—accounted for 6.9 percent of gross earnings in finance and insurance, compared with 3.3 percent for the service-providing sector overall.
Finance and insurance is among the industries that pay the highest percentage of gross earnings in the form of supplemental pay, along with utilities (5.2 percent) and wholesale trade (4.0 percent). Industries for which supplemental pay makes up a considerably smaller percentage of gross earnings include educational services (0.5 percent), accommodation and food services (1.3 percent), and retail trade (2.2 percent).
Among the components of supplemental pay, the percentage of gross earnings received as bonuses is greater for finance and insurance (6.5 percent) than it is for other service-providing industries (1.4 percent). The percentage for overtime and shift differentials is smaller for finance and insurance than it is for the other service-providing industries.
These data are from the National Compensation Survey. The data are pooled from 2006 to 2009 using the first quarter of data for each year. Supplemental pay differs from benefits such as health or life insurance in that the employee receives it as a cash payment. To learn more, see "Supplemental Pay in the Finance and Insurance Industry" (HTML), Compensation and Working Conditions Online, April 2010.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Supplemental pay in the finance and insurance industry on the Internet at https://www.bls.gov/opub/ted/2010/ted_20100427.htm (visited January 20, 2017).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.