Employer Costs for Compensation

As wages shift and benefit expectations increase across industries, employers are seeing increases in all categories of wage costs from taxes to base pay. Total employer compensation costs for private industry workers averaged $39.61 per hour worked in September 2022 (the most recent data available). Wage and salary costs averaged $27.93 and accounted for 70.5 percent of employer costs, while benefit costs were $11.68 and accounted for 29.5 percent.