Private compensation costs.

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  • Source:
    Monthly Labor Review. May2007, Vol. 130 Issue 5, p2-2. 1/9p.
  • Additional Information
    • Subject Terms:
      LABOR costs; WAGES; INCOME; EMPLOYEES; COMPENSATION management
    • Subject Terms:
      UNITED States
    • Abstract:
      The article presents information on private compensation costs in the U.S. In December 2006, private industry employer compensation costs averaged $25.67 per hour worked. Wages and salaries averaged $18.11 per hour. Employer costs for legally required benefits averaged $2.20 per hour worked, insurance benefits averaged $1.92, paid leave averaged $1.76, retirement and savings averaged 94 cents, and supplemental pay averaged 75 cents. Legally required benefits include employer costs for Social Security and Medicare, Federal and State unemployment insurance, and workers' compensation.