Become familiar With Employeen Benefits Data Sources
The U.S. Bureau of Labor Statistics (BLS) publishes Employer Costs for Employee Compensation on a
quarterly basis. The publication displays the costs of wages and salaries as well as the costs of several
employee benefits. (Note: The data represent the hourly cost per employee.)
Several tables present the data by various groupings. Table 1 presents information by ownership (that is, the
civilian workforce, private industry, and state and local governments). Navigate to Employer Costs for
Employee Compensation
(Links to an external site.)
, select the link on the website for Table 1, and review the information.
Your Task
Answer the following questions based on Table 1:
What are the total benefits costs for the civilian workforce, private industry, and state and local governments?
Which benefit (and amount) creates the greatest cost for the civilian workforce, private industry, and state and
local governments?
If you were to calculate the annual cost of all benefits for each ownership group, what would they be per
employee? Hint: Assume that an employee works 2,000 hours each year.
Going back to the link to Table 1
(Links to an external site.)
, what are three other categories for which the BLS reports benefits costs?
Reference
Emp
Employee Benefit /6th edition/Joseph Martocchio
Sample Solution
