Bureau of Labor Statistics releases a summary of employer costs for employee compensation

Bureau of Labor Statistics releases a summary of employer costs for employee compensation

Jun 22, 2020

433 Views

0 comments

According to the latest data released by BLS, the employer costs for employee compensation for civilian workers averaged $37.73 per hour worked in March 2020. The cost of wages and salaries on employers was $25.91 while benefit costs were $11.82. Total compensation costs for civilian workers were $13.15 at the 10th wage percentile,  $28.40 at the 50th (median) wage percentile, and $74.17 at the 90th wage percentile.

Previous days news

Comments

    Others news
    Article
    How Startups Can Ensure Success While Working With Freelancers

    However, the scenario has changed drastically in the last ten years. According to a report by Forbe ...

    Nursing Job Openings

    It’s no secret that the healthcare sector has been reigning in all its powers over the years, parti ...

    I-9 Compliance for Remote Employees - A Guide for Companies

    More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...

    10 Tips to Help You Ace an Online Interview Amidst COVID-19 Crisis

    Online interviews have been rising in popularity for quite some time now. It has increased by 49% s ...

    Show more news