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Employer Costs for Employee Compensation Summary|| Oil Field Consulting Services Houston | Alberson Cement Consulting

On: November 24, 2022 In: Uncategorized

Employer Costs for Employee Compensation Summary

For release 10:00 a.m. (ET) Tuesday, September 20, 2022 USDL-22-1892 Technical information: (202) 691-6199 * [email protected] * www.bls.gov/ect Media contact: (202) 691-5902 * [email protected] EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – June 2022 Employer costs for employee compensation for civilian workers averaged $41.03 per hour worked in June 2022, the U.S. Bureau of Labor Statistics reported today. Wage and salary costs averaged $28.31 and accounted for 69.0 percent of total costs, while benefit costs were $12.72 and accounted for the remaining 31.0 percent. (See table 1.) 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. (See tables 1 and 4.) State and local government employer costs averaged $55.47 per hour worked. Wages and salaries averaged $34.23 per hour worked and represented 61.7 percent of total compensation costs, while benefit costs averaged $21.25 and accounted for the remaining 38.3 percent. (See tables 1 and 3.) 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. State and local government benefit costs ranged from $0.56 for supplemental pay to $7.11 for retirement and savings. Retirement and savings costs accounted for 12.8 percent of total compensation costs. (See table 1.) Private industry benefit costs Benefit costs for union workers averaged $20.60 per hour worked and accounted for 40.2 percent of total compensation costs. Union worker benefit costs ranged from $1.84 for supplemental pay, accounting for 3.6 percent of total compensation costs, to $6.99 for insurance, accounting for 13.6 percent of total compensation costs. Benefit costs for nonunion workers averaged $10.65 and accounted for 28.2 percent of total compensation. Nonunion worker benefit costs ranged from $1.06 for retirement and savings, accounting for 2.8 percent of total compensation costs, to $2.85 for legally required benefits, accounting for 7.5 percent of total compensation costs. (See table 5.) Benefit costs by establishment size ranged from $7.82 per hour worked for establishments with 1-49 workers, accounting for 24.8 percent of total compensation costs, to $19.41 for establishments with 500 workers or more, accounting for 35.0 percent of total compensation costs. (See table 6.) For establishments with 1-49 workers, benefit costs ranged from $0.69 per hour worked for retirement and savings, accounting for 2.2 percent of total compensation costs, to $2.57 for legally required benefits, accounting for 8.2 percent of total compensation costs. For establishments with 500 workers or more, benefit costs ranged from $2.75 for retirement and savings, accounting for 5.0 percent of total compensation costs, to $5.10 for insurance, accounting for 9.2 percent of total compensation costs. (See table 6.) Employer Costs for Employee Compensation for September 2022 is scheduled to be released on Thursday, December 15, 2022, at 10:00 a.m. (ET). Last Modified Date: September 20, 2022