Manufacturers’ Average Total Compensation Costs Are Nearly $40 an Hour

According to a new study by the U.S. Bureau of Labor Statistics, compensation costs for U.S. employers in private industry averaged $35.96 per hour worked in June 2020.

Total compensation costs for manufacturers averaged $39.86 an hour, with wages and salaries accounting for 66.4% ($26.48) and total benefits accounting for 33.6% ($13.38) of total compensation costs. Among major industry groups, average health insurance benefits costs were highest for manufacturers when factored as a percentage of total compensation (9.3%). 9/30/2020