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Employer costs for employee compensation for private industry workers averaged $38.61 per hour worked in March 2022. Wage and salary costs averaged $27.19 and accounted for 70.4 percent of employer costs, while benefit costs averaged $11.42 and accounted for 29.6 percent of employer costs.
Industry | Total compensation | Wages and salaries | Total benefits |
---|---|---|---|
All workers |
$38.61 | $27.19 | $11.42 |
Utilities |
73.33 | 45.05 | 28.28 |
Information |
62.95 | 41.96 | 21.00 |
Financial activities |
53.21 | 35.48 | 17.74 |
Professional and business services |
47.08 | 33.50 | 13.59 |
Wholesale trade |
44.11 | 31.41 | 12.70 |
Construction |
42.88 | 29.83 | 13.05 |
Manufacturing |
41.99 | 27.85 | 14.14 |
Transportation and warehousing |
41.83 | 27.69 | 14.14 |
Education and health services |
40.87 | 28.82 | 12.04 |
Other services |
33.51 | 24.97 | 8.54 |
Retail trade |
23.11 | 17.71 | 5.41 |
Leisure and hospitality |
17.70 | 14.29 | 3.41 |
Total compensation costs in utilities averaged $73.33 per hour worked in March 2022. Wages and salary costs averaged $45.05 (61.4 percent of total compensation) and benefit costs averaged $28.28 (38.6 percent). Compensation costs averaged $17.70 per hour worked in leisure and hospitality, as wages and salary costs averaged $14.29 (80.8 percent) and benefits costs averaged $3.41 (19.2 percent).
Of the total benefit costs for utilities, paid leave accounted for $6.61, supplemental pay accounted for $2.50, insurance accounted for $6.93, retirement and savings accounted for $7.21, and legally required benefits accounted for $5.03.
Industry | Total benefits | Paid leave | Supplemental pay | Insurance | Retirement and savings | Legally required benefits |
---|---|---|---|---|---|---|
All workers |
$11.42 | $2.88 | $1.37 | $2.93 | $1.33 | $2.91 |
Utilities |
28.28 | 6.61 | 2.50 | 6.93 | 7.21 | 5.03 |
Information |
21.00 | 6.15 | 2.98 | 5.27 | 2.56 | 4.03 |
Financial activities |
17.74 | 4.71 | 3.27 | 4.53 | 1.87 | 3.35 |
Manufacturing |
14.14 | 3.17 | 2.08 | 4.04 | 1.73 | 3.12 |
Transportation and warehousing |
14.14 | 3.05 | 1.31 | 4.11 | 2.26 | 3.42 |
Professional and business services |
13.59 | 3.86 | 1.84 | 3.15 | 1.38 | 3.35 |
Construction |
13.05 | 1.96 | 1.60 | 3.17 | 2.32 | 4.00 |
Wholesale trade |
12.70 | 3.36 | 1.65 | 3.07 | 1.39 | 3.24 |
Education and health services |
12.04 | 3.55 | 0.87 | 3.30 | 1.35 | 2.96 |
Other services |
8.54 | 2.21 | 0.45 | 2.09 | 1.15 | 2.62 |
Retail trade |
5.41 | 1.16 | 0.57 | 1.32 | 0.43 | 1.93 |
Leisure and hospitality |
3.41 | 0.53 | 0.27 | 0.71 | 0.19 | 1.71 |
For private industry workers, paid leave averaged $2.88 per hour worked (25.2 percent of total benefits), supplemental pay averaged $1.37 (12.0 percent), insurance averaged $2.93 (25.7 percent), retirement and savings averaged $1.33 (11.6 percent), and legally required benefits averaged $2.91 (25.5 percent) in March 2022.
These data are from the Employment Cost Trends program, part of the National Compensation Survey, and are not seasonally adjusted. To learn more, see "Employer Costs for Employee Compensation — March 2022." BLS also has 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 averaged $38.61 per hour worked in March 2022 at https://www.bls.gov/opub/ted/2022/compensation-costs-in-private-industry-averaged-38-61-per-hour-worked-in-march-2022.htm (visited October 08, 2024).