Wednesday, September 10, 2014

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[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

Cornell University

16 East 34th Street, 4th floor--------------------Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

________________________________________________________________________

This service is supported, in part, by donations. Please consider making a donation by following the instructions at http://www.ilr.cornell.edu/iws/news-bureau/support.html

 

EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – JUNE 2014 [10 September 2014]

http://www.bls.gov/news.release/ecec.nr0.htm

or

http://www.bls.gov/news.release/pdf/ecec.pdf

[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

June 2014.

 

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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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 

 

 

 

 

 

 

 

 




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