According to the Bureau of Labor Statistics, after being seasonally adjusted, compensation costs for private industry workers increased 2.2 % over the year in 2011, while wages and salaries (which make up about 70% of compensation costs) increased 1.6%. 2010 increases were 2.1% and 1.8% respectively. Among occupational groups, compensation cost increases for private industry workers for the 12-month period ending December 2011 ranged from 1.7% for service occupations to 2.4% for production, transportation, and material moving occupations.
If you're interested in how salary trends will affect your labor costs or for more information regarding commodity trends, market intelligence and sourcing best practices, please contact:
Jill Dobbs, Director of Membership Services: firstname.lastname@example.org; (530) 386-6679