Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
October 31, 2007
Compensation Costs Keep Rising

Total compensation costs for civilian workers increased 0.8 percent in the third quarter of 2007, seasonally adjusted, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. This was about the same as the 0.9 percent increase for the March to June period.

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!

Both components of compensation--wages and salaries and benefits--rose the same amount, 0.8 percent in the quarter. In the previous quarter, wages and salaries also increased 0.8 percent and benefits increased 1.3 percent.

For private industry, compensation costs rose 0.8 percent from June to September 2007, compared to 0.9 percent for the prior quarter, while state and local government costs increased 0.8 percent, compared to 1.1 percent for the quarter ended June 2007.

In the third quarter, benefit costs for private industry rose 0.8 percent, compared to 1.1 percent the previous quarter. For state and local government, benefit costs increased 0.7 percent, compared to 1.7 percent in the previous quarter.

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2018 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: