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.