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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 |
---|---|---|---|
Total compensation | $29.11 | $39.45 | $20.52 |
Total benefits | 8.64 | 12.85 | 5.63 |
Paid leave | 2.00 | 3.38 | 1.35 |
Supplemental pay | 0.80 | 1.20 | 0.41 |
Insurance | 2.39 | 3.93 | 1.67 |
Retirement and savings | 1.07 | 1.52 | 0.29 |
Legally required benefits | 2.39 | 2.83 | 1.92 |
Wages and salaries | 20.47 | 26.59 | 14.89 |
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.
These data are from the Employment Cost Trends program. To learn more, see "Employer Costs for Employee Compensation — June 2013" (HTML) (PDF), news release USDL-13-1835.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry and private industry health care at https://www.bls.gov/opub/ted/2013/ted_20130917.htm (visited October 05, 2024).