what is the cost of compensation per hour(not seasonally adjusted) worked for full-time private industry workers in management, professional and related occupations for the u.s. in second quarter 2016?

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28-10-2022
Business

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what is the cost of compensation per hour(not seasonally adjusted) worked for full-time private industry workers in management, professional and related occupations for the u.s. in second quarter 2016?

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contexto38 contexto38 · Answer 1 · 2022-11-01T05:51:36-04:00

The hourly rate of pay for full-time private industry employees in managerial, professional, and related jobs in the US was $33.37 per hour in the second quarter of 2016.

An employer's cost of benefits supplied to its employees as payment for one hour of work is represented by the average hourly compensation cost.

The employee's "gross earnings" must be identified in order to transform them into a weekly benefit rate, which is then used to compute the rate of return. It can save the insurer time, money, and hassles later on to calculate the weekly rate correctly at the beginning of a claim.

Hourly, salary, commission, and bonus payments make up the four primary categories of direct remuneration.

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