June 21, 2007 (The Editor’s Desk is updated each business day.)

Employer costs for paid leave in private industry, December 2006

Employer costs for paid leave benefits were highest for management, professional, and related occupations, $3.87 per hour, or 8.5 percent of total compensation in December 2006.

Employer costs per hour worked for paid leave, private industry, by major occupational group, December 2006
[Chart data—TXT]

Costs were lowest among service occupations, 58 cents or 4.5 percent of total compensation.

For all workers in private industry, the costs for paid leave benefits averaged $1.76 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 2006" (PDF) (TXT), news release USDL 07-0453. Paid leave includes vacations, holidays, sick leave, and other leave such as personal leave, military leave, and funeral leave.

 

Related TED article:

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