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The cost of employee compensation continues to rise, according to the latest figures from the federal Bureau of Labor Statistics, which calculated that healthcare and retirement expenses for civilian workers for the 12-month period ended June 2016. What follows are highlights released earlier this month from the BLS.
Compensation is growing
Overall compensation grew 2.3% in the latest period compared with 2% the year before, with the cost of benefits comprising 30% of the total.