Description
"The concept of employee compensation has been broadened considerably in the past several decades by the adoption or liberalization of supplementary pay practices. Statistics on straight-time wages for time worked no longer sufficiently approximate the level of employer payments for hired labor. Therefore, it is important to account for such outlays as vacation and holiday pay, daily or weekly over- time and shift differentials, terminal (severance) pay, contributions to private pension and health and welfare funds, and payments under legally required insurance programs. This bulletin analyzes the level and structure of employer outlays for the compensation of employees, con- sidering the expenditures for each component as a percent of total compensation outlays and in cents-per-hour. Furthermore, the relative importance of working and leave hours as percents of total hours paid for is discussed ... The study was conducted in the Bureau's Office of Wages and Industrial Relations by the Division of National Wage and Salary Income, Norman J. Samuels, Chief. The analysis was prepared by Robert E. Pope under the general direction of Arnold Strasser."--Preface.