Gregory Management & Consulting Services Industry Blog.
Showing posts with label Collective Bargaining - Regional Agreements. Show all posts
Showing posts with label Collective Bargaining - Regional Agreements. Show all posts
Sunday, January 28, 2018
Refinery Blues: As Philadelphia Energy Solutions files for bankruptcy, unions eye uncertain future
PHILADELPHIA >> Philadelphia Energy Solutions announced a restructuring last week that includes a Chapter 11 bankruptcy filing in an attempt to deal with the skyrocketing cost of regulations that have increased tenfold in six years, topping all of their costs except crude oil.
Employee union representatives at the refinery are concerned that should this trend continue, they won’t be long out of a job, especially as some say no one is heeding their call to address the plight.
For now, the company has managed to strike a deal with its creditors and gain access to a new credit line. The company said they do not expect the bankruptcy filing to have any immediate effects on the workforce.
Tuesday, January 2, 2018
Wednesday, December 27, 2017
EMPLOYER COSTS FOR EMPLOYEE COMPENSATION – SEPTEMBER 2017
Employer costs for employee compensation averaged $35.64 per
hour worked in September 2017, the U.S. Bureau of Labor Statistics reported today.
Wages and salaries averaged $24.33 per hour worked and accounted for 68.3
percent of these costs, while benefit costs averaged $11.31 and accounted for
the remaining 31.7 percent. Total employer compensation costs for private industry
workers averaged $33.55 per hour worked in September 2017. Total employer compensation
costs for state and local government workers averaged $48.78 per hour worked in
September 2017.
Highlights of employer compensation costs per hour worked
for state and local government workers, September 2017:
• State and local government employers spent an average of
$48.78 per hour worked for employee total compensation.
• Employer costs for wages and salaries averaged $30.54 per
hour and accounted for 62.6 percent of compensation costs. (See table 3.)
• Employer costs for benefits averaged $18.24 per hour
worked and accounted for the remaining 37.4 percent. (See table 3.)
• Employer costs by occupational group ranged from $33.64
per hour worked for sales and office workers to $58.76 per hour worked for
management, professional, and related workers.
This major occupational group includes teachers, whose
compensation costs averaged $64.77 per hour worked. Service workers averaged
$35.59. (See table 4.)
• Employers spent $5.56 per hour worked, or 11.4 percent of
total compensation for retirement and savings benefits. (See table 3.)
• Employer costs for retirement and savings for management,
professional, and related workers averaged $6.68 per hour worked. Employer
costs for retirement and savings for sales and office workers averaged $3.44,
and service workers averaged $4.48. (See table 4.)
• Included in retirement and savings benefits were employer
costs for defined benefit plans, which averaged $5.16 per hour (10.6 percent of
total compensation), and defined contribution plans, which averaged 39 cents
(0.8 percent). (See chart 2 and table 3.)
• Insurance benefit costs averaged $5.80 per hour, or 11.9
percent of total compensation.
The largest component of insurance costs was health
insurance, which averaged $5.65, or 11.6 percent of total compensation. (See
chart 2 and table 3.)
• Employer costs for paid leave include vacation, holiday,
sick leave, and personal leave.
The average cost for paid leave was $3.68 per hour worked
for state and local government employees. (See table 3.)
• Employer costs for legally required benefits, including
Social Security, Medicare, unemployment insurance (both state and federal), and
workers’ compensation, averaged $2.71 per hour worked. (See table 3.)
Benefit costs in private industry.
Private industry employer costs for paid leave averaged
$2.32 per hour worked or 6.9 percent of total compensation, supplemental pay
averaged $1.19 or 3.6 percent, insurance benefits averaged $2.68 or 8.0
percent, retirement and savings costs averaged $1.39 or 4.1 percent, and legally
required benefits averaged $2.62 per hour worked or 7.8 percent. (See table A and
table 5.)
Table A. Relative
importance of employer costs for employee compensation, September 2017
Compensation Civilian Private State and local
component workers(1) industry government
____________________________________________________________________________
Wages and salaries 68.3% 69.6% 62.6%
Benefits
31.7 30.4 37.4
Paid leave 7.0 6.9 7.5
Supplemental pay 3.1 3.6 1.0
Insurance 8.7 8.0 11.9
Health 8.3 7.5 11.6
Retirement and
savings 5.5 4.1 11.4
Defined benefit 3.5 1.9 10.6
Defined
contribution 2.0 2.2 0.8
Legally required 7.4 7.8 5.6
_____________________________________________________________________________
1 Includes workers in the private nonfarm economy except those in private
households, and
workers in the
public sector, except the federal government.
- Technical Note
- Table 1. Civilian workers, by major occupational and industry group
- Table 2. Civilian workers, by occupational and industry group
- Table 3. State and local government, by major occupational and industry group
- Table 4. State and local government, by occupational and industry group
- Table 5. Private industry, by major occupational group and bargaining unit status
- Table 6. Private industry, by major industry group
- Table 7. Private industry, by census region and division
- Table 8. Private industry, by establishment employment size
- Table 9. Private industry, goods-producing and service-providing industries, by occupational group
- Table 10. Private industry, by industry group
- Table 11. Private industry, by occupational group and full-time and part-time status
- Table 12. Private industry, by industry group and full-time and part-time status
- Table 13. Private industry, by major industry group and establishment employment size and bargaining unit status
- Table 14. Private industry, health care and social assistance workers, by industry and occupational group
- HTML version of the entire news release
The PDF version of the news release
Supplemental Files Table of Contents
Table of Contents
Source: BLS
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