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Employer costs for employee compensation, March 2015
June 12, 2015
Private industry employers spent an average of $31.65 per hour worked for employee compensation in March 2015. Wages and salaries averaged $21.94 per hour worked and accounted for 69.3 percent of these costs. Benefits averaged $9.71 and accounted for the remaining 30.7 percent.
Employer costs for employee compensation, March 2005–March 2015
Quarter
Total compensation
Wages and salaries
Benefits
Mar 2005
24.17
17.15
7.02
Mar 2006
25.09
17.73
7.36
Mar 2007
25.91
18.34
7.58
Mar 2008
26.76
18.91
7.86
Mar 2009
27.46
19.45
8.02
Mar 2010
27.73
19.58
8.15
Mar 2011
28.10
19.85
8.25
Mar 2012
28.78
20.25
8.53
Mar 2013
29.13
20.47
8.66
Mar 2014
29.99
20.96
9.03
Mar 2015
31.65
21.94
9.71
The average cost to private industry employers for health insurance benefits was $2.43 per hour worked in March 2015 (7.7 percent of total compensation). Among occupational groups, employer costs for health insurance benefits ranged from 89 cents per hour worked (6.1 percent) for service workers to $3.71 per hour worked (6.6 percent) for management, professional, and related occupations.
These data are from the Employment Cost Trends program. For more information, see “Employer Costs for Employee Compensation — March 2015” (HTML) (PDF).
United States Department of Labor
