Employer Costs for Employee Compensation - December 2016

Abstract

"Employer costs for employee compensation averaged $34.90 per hour worked in December 2016. Wages and salaries averaged $23.87 per hour worked and accounted for 68.4% of these costs, while benefits averaged $11.03 and accounted for the remaining 31.6%. Total employer compensation costs for private industry workers averaged $32.76 per hour worked in December 2016 (Exhibit 8).