March 20, 2008 (The Editor’s Desk is updated each business day.) Employer costs for paid leave in private industry, December 2007Employer costs for paid leave benefits were highest for management, professional, and related occupations, $3.93 per hour, or 8.4 percent of total compensation, in December 2007. Costs were lowest among service occupations, 58 cents or 4.4 percent of total compensation. For all workers in private industry, the costs for paid leave benefits averaged $1.79 per hour (6.8 percent of total compensation). These data come from the Compensation Cost Trends program. For additional information, see "Employer Costs for Employee Compensation–December 2007," (PDF) (HTML) news release USDL 08-0331. Paid leave includes vacations, holidays, sick leave, and other leave such as personal leave, military leave, and funeral leave. Happy 10th Birthday, TED!The very first issue of The Editor's Desk (TED) was posted on September 28, 1998. TED was the first online-only publication of the Bureau of Labor Statistics. For 10 years, BLS has been committed to posting a new TED article each business day, for a total of over 2,400 articles so far. |
Tools |
Calculators |
Help |
Info |