Thursday, June 10, 2010

Employer Costs for Employee Compensation

The latest Employer Costs for Employee Compensation news release was issued June 9, 2010 by the Bureau of Labor Statistics. Highlights are below.
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Employers spent an average of $29.71 per hour worked for civilian compensation in March 2010. Wages and salaries averaged $20.67, and benefits averaged $9.04. Health insurance was the largest individual employer benefit cost at $2.48 per hour, which accounted for 8.3 percent of total compensation costs.

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