Employer costs highest in New England

COSTS FOR EMPLOYERS are highest in New England, part of the Northeast region, according to the U.S. Bureau of Labor Statistics’ Employer Costs for Employee Compensation report. For a larger version of this graph, click HERE.
Posted 3/21/12

WASHINGTON – Employee costs for employers are highest in New England, according to the U.S. Bureau of Labor Statistics’ Employer Costs for Employee Compensation report.

The report data, which measures employer costs for wages, salaries and employee benefits, showed that private industry total compensation costs in December in the region were $33.58 per hour.

Of the two Northeast regions, New England and the mid-Atlantic region including New Jersey, New York and Pennsylvania, New England’s employer compensation costs were $1.00 more per hour.

Across the United States, total compensation costs among private industry employers averaged $28.57 per hour, with wages and salaries accounting for 70.5 percent of total costs and benefits accounting for the remaining 29.5 percent.

New England private industry employers spent, on average, 69.9 percent of total compensation costs on wages and salaries and 30.1 percent of costs on benefits, slightly higher than the national average.

Benefits in New England were primarily categorized as: insurance – including life, health and disability insurance – which cost employers roughly $2.78 per hour worked; Social Security and Medicare – which cost employers $2.68 per hour; and paid leave – including vacation, holiday and sick leave – which cost employers $2.49 per hour.

The Bureau of Labor & Statistics added that retirement and savings added another $1.26 per hour to New England’s benefits cost.

The lowest employer cost was reported in the east south central United States – Alabama, Kentucky, Mississippi and Tennessee – at $24.32 per hour.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News