Summary
The cost of providing benefits to employees continues to increase as a percentage of employers' total compensation expenses.
The U.S. Department of Labor's Bureau of Labor Statistics most recent report on Employer Costs for Employee Compensation offers few surprises. The results are based on data obtained through the third quarter 2004.See the full content of this document
Extract
Labor Numbers Don't Lie
Overall, the report shows that nationwide compensation costs among private industry employers averaged $24.17 per hour worked. Wages and salaries comprised $17.15 of that total, while benefits, at $7.02, accounted for 2...
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