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Total employer compensation costs for private industry workers averaged $38.91 per hour worked in June 2022. Wage and salary costs averaged $27.44 and accounted for 70.5 percent of employer costs, while benefit costs were $11.47 and accounted for 29.5 percent.
Industry | Total compensation | Wages and salaries | Total benefits | Insurance | Legally required benefits | Paid leave | Supplemental pay | Retirement and savings |
---|---|---|---|---|---|---|---|---|
Total, all industries |
$38.91 | $27.44 | $11.47 | $2.96 | $2.93 | $2.87 | $1.37 | $1.33 |
Information |
64.25 | 42.58 | 21.67 | 5.65 | 4.09 | 6.23 | 3.02 | 2.68 |
Financial activities |
54.84 | 36.57 | 18.26 | 4.76 | 3.40 | 4.82 | 3.37 | 1.90 |
Educational services |
50.34 | 36.32 | 14.02 | 3.86 | 3.45 | 4.10 | 0.34 | 2.28 |
Professional and business services |
47.81 | 34.05 | 13.76 | 3.20 | 3.39 | 3.88 | 1.89 | 1.41 |
Wholesale trade |
44.89 | 32.00 | 12.89 | 3.14 | 3.28 | 3.38 | 1.67 | 1.40 |
Manufacturing |
42.44 | 28.17 | 14.27 | 4.07 | 3.15 | 3.21 | 2.09 | 1.75 |
Transportation and warehousing |
40.70 | 26.96 | 13.74 | 4.23 | 3.32 | 2.91 | 1.22 | 2.06 |
Health care and social assistance |
40.00 | 28.10 | 11.90 | 3.27 | 2.91 | 3.49 | 0.97 | 1.26 |
Retail trade |
23.60 | 18.05 | 5.55 | 1.37 | 1.97 | 1.19 | 0.58 | 0.44 |
Leisure and hospitality |
18.04 | 14.56 | 3.48 | 0.72 | 1.75 | 0.55 | 0.26 | 0.21 |
Note: Total for all industries includes industries not shown separately. |
Industry | Total compensation | Wages and salaries | Total benefits | Insurance | Legally required benefits | Paid leave | Supplemental pay | Retirement and savings |
---|---|---|---|---|---|---|---|---|
Total, all industries |
100.0% | 70.5% | 29.5% | 7.6% | 7.5% | 7.4% | 3.5% | 3.4% |
Information |
100.0 | 66.3 | 33.7 | 8.8 | 6.4 | 9.7 | 4.7 | 4.2 |
Financial activities |
100.0 | 66.7 | 33.3 | 8.7 | 6.2 | 8.8 | 6.2 | 3.5 |
Educational services |
100.0 | 72.1 | 27.9 | 7.7 | 6.8 | 8.1 | 0.7 | 4.5 |
Professional and business services |
100.0 | 71.2 | 28.8 | 6.7 | 7.1 | 8.1 | 3.9 | 2.9 |
Wholesale trade |
100.0 | 71.3 | 28.7 | 7.0 | 7.3 | 7.5 | 3.7 | 3.1 |
Manufacturing |
100.0 | 66.4 | 33.6 | 9.6 | 7.4 | 7.6 | 4.9 | 4.1 |
Transportation and warehousing |
100.0 | 66.2 | 33.8 | 10.4 | 8.2 | 7.2 | 3.0 | 5.0 |
Health care and social assistance |
100.0 | 70.2 | 29.8 | 8.2 | 7.3 | 8.7 | 2.4 | 3.1 |
Retail trade |
100.0 | 76.5 | 23.5 | 5.8 | 8.3 | 5.0 | 2.5 | 1.9 |
Leisure and hospitality |
100.0 | 80.7 | 19.3 | 4.0 | 9.7 | 3.0 | 1.4 | 1.2 |
Note: Total for all industries includes industries not shown separately. |
Benefit costs for private industry workers ranged from $1.33 per hour worked for retirement and savings to $2.96 for insurance. Insurance costs accounted for 7.6 percent of total compensation costs.
Insurance costs per hour worked averaged $5.65 in the information industry and $0.72 for workers in leisure and hospitality.
These data are from the Employment Cost Trends program and are not seasonally adjusted. To learn more, see "Employer Costs for Employee Compensation — June 2022." Also see more charts on employer costs for employee compensation.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Compensation costs in private industry $38.91 per hour worked in June 2022 at https://www.bls.gov/opub/ted/2022/compensation-costs-in-private-industry-38-91-per-hour-worked-in-june-2022.htm (visited October 03, 2024).