What is the average annual immediate cost to taxpayers of employing each full-time public school teacher in the U.S.?
The national average immediate cost of employing a full-time public school teacher is $87,333, including salaries, bonuses, supplemental pay, and some of their benefits. This figure doesn't include non-immediate costs like unfunded pension liabilities and post-employment benefits like health insurance. Also, they it doesn't account for the fact that full-time private industry workers work an average of 37% more hours per year than public school teachers, including time spent for lesson preparation, test construction and grading, providing extra help to students, coaching, and other activities. Accounting for the disparity between the work hours of public school teachers and private industry workers, the average annualized immediate cost of compensating each full-time public school teacher is $119,864.