Employers Compensation Costs Increase

The U.S. Bureau of Labor Statistics (BLS) released their quarterly report today on the status of “Compensation Costs” i.e. how much employers are having to pay employees. Wages and salaries
are considered to make up about 70 percent of compensation costs, while  benefits make up the remaining 30 percent of compensation.

Compensation Costs Up in September 0.3 Percent

The U.S. Bureau of Labor Statistics released the compensation costs for U. S. civilian workers on Friday October 28th. Wages and salaries are up 0.3% or roughly 1/3rd of 1% for the month.  This represents 70% of the total of the cost of maintaining employees. The remaining 30% of the cost comes from benefits and […]