|
Related Topics
|
|
Category: Economics and Employment
Date: 29 December 2019 We take a look at the employer costs for employee compensation for the month of September 2019 and break it down by ownership type, and region. All data obtained from the Bureau of Labor Statistics.
|
|
Employer costs for employee compensation for September 2019
The summary below shows the total compensation as well as a breakdown of total compensation for civilian workers, private industry workers as well as local and state government workers. State and local government workers hourly total compensation works out to $51.66 while private industry workers total compensation comes in at $34.77 and Civilian workers hourly compensation comes in at $37.03.
Civilian Workers Private Industry Workers State and Local Government Workers
Total compensation: $37.03 $34.77 $51.66
Retirement and savings: $1.96 $1.31 $6.17
Legally Required benefits: $2.7 $2.68 $2.85
Civilian Workers Private Industry Workers State and Local Government Workers
Total compensation: $37.03 $34.77 $51.66
- Wages and salaries: $25.43 $24.38 $32.19
- Total benefits $11.6 $10.38 $19.47
- Paid leave: $2.68 $2.5 $3.87
- Vacation: $1.31 $1.29 $1.47
- Holiday: $0.79 $0.75 $1.1
- Sick: $0.41 $0.32 $1.00
- Personal: $0.16 $0.14 $0.31
- Supplemental pay: $1.04 $1.12 $0.51
- Overtime and premium: $0.29 $0.3 $0.22
- Shift differentials: $0.08 $0.08 $0.05
- Nonproduction bonuses: $0.67 $0.74 $0.24
- Life: $0.05 $0.04 $0.07
- Health: $3.06 $2.62 $5.92
- Short-term disability: $0.06 $0.07 $0.03
- Long-term disability: $0.04 $0.04 $0.05
Retirement and savings: $1.96 $1.31 $6.17
- Defined benefit: $1.21 $0.52 $5.74
- Defined contribution: $0.74 $0.79 $0.43
Legally Required benefits: $2.7 $2.68 $2.85
- Social Security and Medicare: $2.08 $2.05 $2.22
- Social Security: $1.65 $1.65 $1.7
- Medicare: $0.42 $0.4 $0.53
- Federal unemployment insurance: $0.02 $0.03 ---
- State unemployment insurance: $0.13 $0.14 $0.06
- Workers' compensation: $0.47 $0.45 $0.56
What the above shows is that health insurance as a percentage of total compensation is far greater for state and local government employees than it is for civil workers and private industry workers.
Next up lets take a look at the total hourly compensation rate of those working in Management, professional, and related positions, broken down by Civil workers, Private industry workers as well as State and local government workers:
- Private Industry: $60.79
- State and Local government professional, and related: $62.08
- Civil Workers: $61.11
What about those people working in sales and office jobs? What is their hourly compensation rate? And how does it compare between Civil workers, Private industry workers as well as State and local government workers?
Below we take a look at the total hourly compensation for those employed in educational services, again broken down by Civil workers, Private industry workers as well as State and local government workers.
- Private Industry: $26.69
- State and Local government professional, and related: $35.85
- Civil Workers: $27.43
Below we take a look at the total hourly compensation for those employed in educational services, again broken down by Civil workers, Private industry workers as well as State and local government workers.
- Private Industry: $44.46
- State and Local government professional, and related: $55.56
- Civil Workers: $53.80