Wednesday, December 10, 2014
Tweet[IWS] BLS: EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – SEPTEMBER 2014 [10 December 2014]
IWS Documented News Service
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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
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EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – SEPTEMBER 2014 [10 December 2014]
http://www.bls.gov/news.release/ecec.nr0.htm
or
http://www.bls.gov/news.release/pdf/ecec.pdf
[full-text, 23 pages]
Employer costs for employee compensation for civilian workers averaged $32.20 per hour worked in
September 2014, the U.S. Bureau of Labor Statistics reported today. Wages and salaries averaged
$22.13 per hour worked and accounted for 68.7 percent of these costs, while benefits averaged $10.07
and accounted for the remaining 31.3 percent. Total employer compensation costs for private industry
workers averaged $30.32 per hour worked in September 2014.
Employer Costs for Employee Compensation (ECEC), a product of the National Compensation Survey,
measures employer costs for wages and salaries, and employee benefits for nonfarm private and state
and local government workers.
Compensation costs in state and local government
State and local government employers spent an average of $43.56 per hour worked for employee
compensation in September 2014. Wages and salaries averaged $27.89 per hour and accounted for 64.0
percent of compensation costs, while benefits averaged $15.67 per hour worked and accounted for the
remaining 36.0 percent. Total compensation costs for management, professional, and related workers
averaged $52.88 per hour worked. This major occupational group includes teachers, averaging $59.42
per hour worked. Total compensation for sales and office workers averaged $30.00 per hour worked and
service workers averaged $32.82. (See chart 1 and table 4.)
For state and local government employees, employer costs for insurance benefits averaged $5.21 per
hour, or 12.0 percent of total compensation. The largest component of insurance costs in September
2014 was health insurance, which averaged $5.09, or 11.7 percent of total compensation. In September
2004, employer costs for health insurance averaged $3.49 per hour worked, or 10.0 percent of total
compensation. (See chart 2 and table 3.)
In September 2014, the average cost for retirement and savings benefits was $4.34 per hour worked in
state and local government, or 10.0 percent of total compensation. Included in this amount were
employer costs for defined benefit plans, which averaged $3.98 per hour (9.1 percent of total
compensation), and defined contribution plans, which averaged 36 cents (0.8 percent). In September
2004, employer costs for retirement and savings averaged $2.23 per hour worked, or 6.4 percent of total
compensation. (See chart 2 and table 3.) Defined benefit plans specify a formula for determining future
benefits, while defined contribution plans specify employer contributions but do not guarantee the
amount of future benefits.
Two components of benefit costs are paid leave and legally required benefits. Paid leave benefit costs
include vacation, holiday, sick leave, and personal leave. The average cost for paid leave was $3.18 per
hour worked for state and local government employees. Costs for legally required benefits, including
Social Security, Medicare, unemployment insurance (both state and federal), and workers'
compensation, averaged $2.58 per hour worked. (See table 3.)
The National Compensation Survey produces data on the percentage of state and local government
workers with access to and participation in employee benefit plans, including health and retirement and
savings plans. Detailed data on health and retirement plan provisions are available at www.bls.gov/ebs
AND MUCH MORE...including TABLES....
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