Computing the benefits advantage, 2018
| 2018 data | |
|---|---|
| A. Basic data | |
| Ratio: Compensation to W-2 wages | |
| K–12 teachers | 1.409 |
| Professionals | 1.274 |
| Estimated weekly wage penalty | -21.4% |
| B. Benefits advantage analysis | |
| W-2 wages | |
| K–12 teachers* | 78.6 |
| Professionals | 100.0 |
| Compensation** | |
| K–12 teachers | 110.7 |
| Professionals | 127.4 |
| Rescaled compensation*** | |
| K–12 teachers | 86.9 |
| Professionals | 100.0 |
| C. Benefits advantage**** | 8.4% |
* 100 less estimated wage penalty
** Wage times compensation-to-wage ratio
*** Divide by professionals’ compensation, the benchmark, and multiply by 100
**** Subtract teachers’ W-2 wages from teachers’ rescaled compensation
Note: Numbers may not sum to totals due to rounding.
Sources: Benefits and wage data from Bureau of Labor Statistics Employer Costs for Employee Compensation data; wage penalty estimated with Current Population Survey Outgoing Rotation Group data