“Annual wages and salaries are significantly lower than annual compensation because it omits expenditure on pension payments and healthcare contributions ”
Easy enough to adjust for that: pension and healthcare and other compensation runs to an additional 30% of production worker wages in US manufacturing. And has been pretty steady at that 30%.
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Thank for you for that useful information. I will incorporate this 30% next time. I intend to produce the most current turnovers as they become available so the next one will be at the end of July.The important aspect is the trend and the ability to see the current movement.
“Annual wages and salaries are significantly lower than annual compensation because it omits expenditure on pension payments and healthcare contributions ”
Easy enough to adjust for that: pension and healthcare and other compensation runs to an additional 30% of production worker wages in US manufacturing. And has been pretty steady at that 30%.
.
Thank for you for that useful information. I will incorporate this 30% next time. I intend to produce the most current turnovers as they become available so the next one will be at the end of July.The important aspect is the trend and the ability to see the current movement.
You might be interested in the US Dept. of Commerce Annual Survey of Manufactures:https://www.census.gov/data/tables/2014/econ/asm/2014-asm.html– which breaks down cost categories for manufacturing in great detail.
Tried to access it via the link you supplied, but could not find it. Do you have it as a PDF or in Excel form.
Hmmh….doesn’t work for me either. Try this one instead: http://factfinder.census.gov/faces/nav/jsf/pages/searchresults.xhtml?refresh=t
If that doesn’t work, we’ll figure something out.
There was a typo in the link, unfortunately. The correct one would be
https://www.census.gov/data/tables/2014/econ/asm/2014-asm.html
Looking forward to your next posts.