Wednesday, September 10, 2014Tweet
[IWS] BLS: EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – JUNE 2014 [10 September 2014]
IWS Documented News Service
Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
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EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – JUNE 2014 [10 September 2014]
[full-text, 23 pages]
Private industry employers spent an average of $30.11 per hour worked for employee compensation in
June 2014, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged $21.02 per
hour worked and accounted for 69.8 percent of these costs, while benefits averaged $9.09 and accounted
for the remaining 30.2 percent. Total compensation costs for state and local government workers
averaged $43.07 per hour worked in June 2014. Total compensation costs for civilian workers, which
include private industry and state and local government workers, averaged $31.96 per hour worked in
Employer Costs for Employee Compensation (ECEC), a product of the National Compensation Survey,
measures employer costs for wages, salaries, and employee benefits for nonfarm private and state and
local government workers.
Corrected Data in Employer Costs for Employee Compensation
As a result of problems implementing the 2010 Standard Occupational Classification, Employer
Costs for Employee Compensation data for December 2013 and March 2014 contained errors
when originally published. These errors have been corrected in the database and historical listings.
The errors were primarily in the management, professional, and related occupational group and
sub-groups in civilian, private industry, and state and local government. There is no impact on
June 2014 estimates. For further information, see www.bls.gov/bls/ecec_correction_091014.htm
AND MUCH MORE...including TABLES....
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