Employer Costs for Employee Compensation-March 2016

Abstract

"Employer costs for employee compensation averaged $33.94 per hour worked in March. Wages and salaries averaged $23.25 per hour worked and accounted for 68.5% of these costs, while benefits averaged $10.70 and accounted for the remaining 31.5%. Total employer compensation costs for private industry workers averaged $32.06 per hour worked in March. Total employer compensation costs for state and local government workers averaged $45.23 per hour worked in March 2016 (Table 1).