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Total employer compensation costs for workers in the information industry averaged $55.13 per hour worked, with wages and salaries averaging $36.18 and benefit costs averaging $18.95. Employer costs for insurance averaged $5.28, and paid leave benefits averaged $5.07.
Component | Information | Financial activities | Professional and business services | Manufacturing | Construction | Education and health services | Trade, transportation, and utulities | Leisure and hospitality |
---|---|---|---|---|---|---|---|---|
Total compensation |
$55.13 | $47.58 | $40.66 | $39.84 | $39.18 | $35.10 | $27.68 | $14.53 |
Total benefits |
18.95 | 16.40 | 11.78 | 13.86 | 11.97 | 10.45 | 8.22 | 3.09 |
Supplemental pay |
2.38 | 3.52 | 2.03 | 1.64 | 1.08 | 0.65 | 0.73 | 0.14 |
Retirement and savings |
2.58 | 1.93 | 1.35 | 2.20 | 2.15 | 1.46 | 1.10 | 0.21 |
Paid leave |
5.07 | 4.03 | 2.91 | 3.01 | 1.72 | 2.75 | 1.75 | 0.44 |
Legally required benefits |
3.63 | 2.98 | 3.00 | 3.00 | 3.95 | 2.54 | 2.33 | 1.53 |
Insurance |
5.28 | 3.92 | 2.48 | 4.00 | 3.08 | 3.04 | 2.31 | 0.78 |
Wages and salaries |
36.18 | 31.18 | 28.88 | 25.98 | 27.20 | 24.65 | 19.46 | 11.44 |
Total employer compensation costs in financial activities averaged $47.58, and in and professional and business services, $40.66.
Employer costs in leisure and hospitality averaged $14.53 per hour worked. Wages and salaries averaged $11.44, and benefit costs averaged $3.09. Employer costs for legally required benefits averaged $1.53, nearly half of total benefit costs.
Total employer compensation costs for all private industry workers averaged $33.26 per hour worked, with wages and salaries averaging $23.15 (69.6 percent of total compensation) and benefit costs averaging $10.11.
These data are from the Employment Cost Trends program. To learn more, see "Employer Costs for Employee Compensation — June 2017" (HTML) (PDF).
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Employer costs for employee compensation $55.13 per hour in information industry, June 2017 at https://www.bls.gov/opub/ted/2017/employer-costs-for-employee-compensation-55-point-13-per-hour-in-information-industry-june-2017.htm (visited November 14, 2024).