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5. Industry Variations
FRINGE BENEFIT PAYMENTS varied widely from industry to industry. Hotels paid 13.4%, textile products and apparel 17.4%, and pulp, paper, lumber and furniture paid 17.5%. Banks, finance and trust companies paid 31.7%, the petroleum industry paid 27.3%, and insurance companies paid 26.7%. But this should not be interpreted to mean that some industries (or companies) are laggard, because in many cases both the employer and the workers may prefer to have income reflected entirely or chiefly in the pay envelope.
Expressed as cents per payroll hour, payments ranged from 16.0¢ for hotels to 78.2¢ for the petroleum industry. Annual dollars per employee varied from $354 for hotels to $1650 for the petroleum industry.
The proportionate amount paid for various types of benefits also showed wide ranges. Legally required payments constituted over one-third of the total fringe payments for hotels, but less than onetenth the total for the petroleum industry. Pension and other agreed-upon payments made up less than
TABLE 3. Major Types of Fringe Payments by Industry Groups, 1937
one-fourth of total benefits in the textile and apparel, pulp, paper, lumber and furniture, electrical machinery, and instruments and miscellaneous manufacturing industries.
Additional summary data on fringe payments by
industries are shown in Table 5 and Chart 1. More complete tables, showing fringe benefits in detail as percent of payroll, cents per payroll hour, and dollars per year per employee, are shown in Tables 6, 7 and 8.
CHART 1. Fringe Payments as Per Cent of Payroll, by Industry Groups, 1020 Companies, 1937
per cent of paytan 5%_ 10%_ 15*
Total, all industries....
TABLE 6. Fringe Payments as Per Cent of Payroll, by Type of Payment and Industry Groups, 1957
Includes coal mining, warehousing and laundries. **Less than 0.05%.