Posted March 25, 2019

Report: Compensation trends into the 21st century

New Bureau of Labor Statistics report looks at private industry compensation, health insurance and benefit history and trends. 

During the Second World War, the War Labor Board controlled increases in cash wages in order to limit inflationary pressures from competition in the labor force.1 This encouraged employers to use employee benefits as a form of noninflationary compensation. After the war, tax incentives made offering employee benefits more appealing to employers. The shape of these benefits continued to evolve, however, with wages and salaries rising at a slower pace than employer costs for employee benefits.

A new report from  the Bureau of Labor Statistics reviews the evolution of private industry health and retirement plans (with a focus on defined contributions and savings and thrift retirement plans) and provide an analysis using recent estimates from the National Compensation Survey (NCS). 

Click here to read the full report.