According to new information released by the U.S. Department of Labor's Bureau of Labor Statistics, average employer costs for employee total compensation break down as follows:
Wages and salaries: 70%
Benefits: 30%
- Supplemental pay (including overtime, shift differentials, non-production bonuses): 2.5%
- Legally required benefits (including Social Security, Medicare, unemployment insurance, workers compensation): 8.1%
- Life, health and disability benefits: 8.1%
- Paid leave benefits: 7.0%
- Retirement and savings benefits: 4.3%
For more information, see the BLS' press release.
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