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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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December 15, 2010
Benefits Nearly 30 Percent of Compensation Costs, BLS Reports

Benefits are nearly 30 percent of compensation costs for private industry employers, according to a BLS report, Employer Costs for Employee Compensation for September 2010. Legally required and insurance benefits were the largest benefit categories.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!

On average, private industry employers pay $8.20 per hour worked for employee benefits. When combined with the average wage ($19.68), the average compensation cost is $27.88 per hour.

Here are highlights from the report:

Benefit Type Cost (per hour worked)
Legally required benefits
Insurance plans
Paid leave benefits
Retirement and savings
Supplemental pay

In comparison, state and local government employers spend an average of $13.85 per hour worked on benefits, which is 34.5 % of their compensation costs. In addition, health benefit employer costs are higher for state and local government employers ($4.65) than private industry employers ($2.10).

For more details, view Composition of Compensation Costs for Private Industry Employers, September 2010.



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Top 100 FLSA Overtime Q&As
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