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

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.

You might also like

For several reasons, the IT sector is appealing to job seekers. ...Read more

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Articles

About 46% of recruiters acknowledge this by seeing recruitment more as marketing than an expansion ...Read more

Americans live paycheck to paycheck, making it difficult to leave their current employer. All thing ...Read more

Just as the candidates need the right jobs to secure their future, the companies also need the righ ...Read more

The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...Read more