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Business: Employment: Earnings - Open Site
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Top: Business: Employment: Earnings (1)

Earnings

This section discusses typical earnings and how workers are compensated—by means of annual salaries, hourly wages, commissions, piece rates, tips, or bonuses. Within every occupation, earnings vary by experience, responsibility, performance, tenure, and geographic area. Almost every statement in the Handbook contains 2002 OES-survey earnings data for wage and salary workers. Information on earnings in the major industries in which the occupation is employed, also supplied by the OES survey, may be given as well.

In addition to presenting earnings data from the OES survey, some statements contain additional earnings data from non-BLS sources. Starting and average salaries of Federal workers are based on 2003 data from the U.S. Office of Personnel Management. The National Association of Colleges and Employers supplies information on average salary offers in 2003 for students graduating with a bachelor’s, master’s, or Ph.D. degree in certain fields. A few statements contain additional earnings information from other sources, such as unions, professional associations, and private companies. These data sources are cited in the text.

Benefits account for a significant portion of total compensation costs to employers. Benefits such as paid vacation, health insurance, and sick leave may not be mentioned, because they are so widespread. Although not as common as traditional benefits, flexible hours and profit-sharing plans may be offered to attract and retain highly qualified workers. Less common benefits also include childcare, tuition for dependents, housing assistance, summers off, and free or discounted merchandise or services. For certain occupations, the percentage of workers affiliated with a union is listed. These data come from the CPS survey.

Based on:

  1. Unknown author; Occupational Outlook Handbook 2004-2005 Edition; U.S. Bureau of Labor Statistics; Washington DC USA; 2004; Available http://www.bls.gov/oco/home.htm.

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