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SEPTEMBER 1988

Compensation All private Goods Service
component industry industries industries
Legally required * $1.13 $1.43 $1.01

Paid vacation and leave .93 1.09 .87

Insurance .72 1.02 .60

Pension and savings .48 .64 .41

Other benefits .02 .04 .01

Total benefits 3.28 4.22 2.90
Wages, salaries, and bonuses 10.15 11.65 9.52

Total compensation $13.43 $15.87 $12.42
*Social Security, workers' comp, unemployment insurance, disability, and Medicare

* * *

Above are the average hourly employer costs for employee compensation, by major industry groups, according to a 1987 survey by the U.S. Bureau of Labor Statistics.

Last updated: Sep 1, 1988




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