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Article: EMPLOYER COSTS FOR EMPLOYEE COMPENSATION-JUNE 2008

Article from:
US Fed News Service, Including US State News
Article date:
September 10, 2008
Copyright

The U.S. Department of Labor's Bureau of Labor Statistics issued the following press release:

Employers spent an average of $1.25 for employee retirement and savings plans for every hour worked in June 2008, the U.S. Department of Labor's Bureau of Labor Statistics reported today. This accounted for 4.4 percent of total compensation. Retirement and savings, which includes both defined benefit and defined contribution plans, is only one of several benefits included in the Employer Costs for Employee Compensation survey, along with wages and salaries. Total compensation (wages and salaries and benefits) for civilian workers averaged $28.48 per hour worked in June 2008. Wages and salaries, ...

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