Table 3
Average compensation profile for construction workers, 2024
| Compensation component | Cost per hour worked | Ratio of compensation to pay |
|---|---|---|
| Pay (wages, salaries, supplemental pay, vacation, holiday, sick, personal) | $37.45 | 100% |
| Wages and salaries | $32.89 | 87.8% |
| Supplemental pay (e.g., overtime) | $2.34 | 6.2% |
| Paid leave (vacation, holiday, sick, personal) | $2.22 | 5.9% |
| Insurance benefits and retirement benefits | $5.73 | 15.3% |
| Legally required benefits (Social Security, Medicare, federal and state unemployment insurance, and Workers’ Compensation) | $4.11 | 11.0% |
| Total Compensation | $47.29 | 126.2% |
Note: Totals may not sum exactly due to rounding.
Source: Bureau of Labor Statistics, Employer Costs for Employee Compensation, "Table 4. Employer Costs for Employee Compensation for private industry workers by occupational and industry group," June 2024.
This chart appears in: