According to the Thursday, June 7th, release by the Bureau of Labor Statistics, Employee benefits currently represent 30.7% of total wages.
Employer costs for wages, salaries and employee compensation averaged $30.69 per hour worked in March 2012. Wages and salaries represented $21.27 of the $30.69 per hour, which accounts for 69.3% of the total costs. Benefits represented $9.42 which accounted for the remaining 30.7%.
The average costs for health insurance benefits was $2.21 per hour worked in private industry in March 2012.
Employer costs for employee compensation, a product of the national compensation survey, measures employer costs for wages, salaries and employee benefits for non farm private and State and local government workers.
Small Business Loan Resources:
SBA Community Blog and Forum – Blog and Forums by the SBA, Small business administration. Questions can be asked and answers provided.
U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.
U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.
Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.
More Small Business Loan resources:
Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health
U.S. Patent and Trademark Office –U.S. office to file patents to protect a companies new or existing proprietary products.
U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.
CEO Refresher – A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.
E-Network for CEOs – Online articles and much more for CEO’s
Public Radio Planet Money – All issues money related to the public.
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