November 24, 2008

Average wages and benefits

According to a report by the Bureau of Labor Statistics, average pay was $19.85 an hour and benefits amounted to $8.64 per hour as of June 2008.

Pay $19.85 (69.7%)
Benefits $8.64 (30.3%)

The cost of benefits break down as:
Health, disability and life insurance $2.39
Social security, medicare, unemployment insurance and workers comp $2.25
Vacation, holiday, sick leave and personal leave $1.99
Retirement and savings $1.25
Supplemental pay $0.76

Here is how the separate benefits and the base pay look as %'s of the whole:


Keep in mind these are average numbers. So they may be skewed up or down. The median numbers would give a better representation of the 'typical' worker.


No comments:

Post a Comment

I'm starting to get too many spam messages in the comments so I'm turning on moderation. Please be patient and wait for your comment to be approved. Note it may take up to a few days for approval, thanks.

Blog Widget by LinkWithin