Mean nominal hourly labour cost per employee by economic activity: Annual
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Mean nominal hourly labour cost per employee by economic activity (local currency) -- Annual
Description: Data on labour cost is presented, whenever possible, in nominal terms and on the basis of the mean hourly labour cost per employee. Labour cost is the cost incurred by the employer in the employment of labour in a specified reference period. It comprises remuneration for work performed, payments in respect of time paid for but not worked, bonuses and gratuities, the cost of food, drink and other payments in kind, cost of workers' housing borne by employers, employers' social security expenditures, cost to the employer for vocational training, welfare services and miscellaneous items, such as transport of workers, work clothes and recruitment, together with taxes regarded as labour cost. . . Labour cost and compensation of employees are closely related concepts, with many common elements. If data on labour cost are not available, data are reported on the compensation of employees, a concept defined in the United Nations System of National Accounts 2008 as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. The compensation of employees has two main components: a) wages and salaries payable in cash or in kind and b) social insurance contributions payable by employers, which include contributions to social security schemes; actual social contributions to other employment-related social insurance schemes and imputed social contributions to other employment-related social insurance schemes. Data are disaggregated by economic activity according to the latest version of the International Standard Industrial Classification of All Economic Activities (ISIC) available for that year. Economic activity refers to the main activity of the establishment in which a person worked during the reference period and does not depend on the specific duties or functions of the person's job, but on the characteristics of the economic unit in which this person works.
Subject: Labour cost
Collection: YI -- Yearly indicators
Id: LAC_XEES_ECO_NB_A
Time period: 1994 - 2018
Last updated: 10/11/2019 07:07:07
Number of records: 10771
Segment: indicator / k_indicators
 Mean nominal hourly labour cost per employee by economic activity -- Harmonized series: Annual
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Mean nominal hourly labour cost per employee by economic activity -- Harmonized series -- Annual
Description: Labour cost is the cost incurred by the employer in the employment of labour in a specified reference period. It comprises remuneration for work performed, payments in respect of time paid for but not worked, bonuses and gratuities, the cost of food, drink and other payments in kind, cost of workers' housing borne by employers, employers' social security expenditures, cost to the employer for vocational training, welfare services and miscellaneous items, such as transport of workers, work clothes and recruitment, together with taxes regarded as labour cost. This is a harmonized series: (1) data reported as weekly, monthly and yearly are converted to hourly in the local currency series, using data on average weekly hours if available; and (2) data are converted to a common currency, using exchange rates for the series in U.S. dollars and using 2011 purchasing power parity (PPP) rates for the series in constant 2011 PPP $. The latter series allows for international comparisons by taking account the differences in relative prices between countries. Data are disaggregated by economic activity according to the latest version of the International Standard Industrial Classification of All Economic Activities (ISIC) available for that year. Economic activity refers to the main activity of the establishment in which a person worked during the reference period and does not depend on the specific duties or functions of the person's job, but on the characteristics of the economic unit in which this person works. This is a harmonized series: (1) data reported as weekly, monthly and yearly are converted to hourly in the local currency series; and (2) data are converted to U.S. dollars as the common currency, using exchange rates or 2011 purchasing power parity (PPP) rates for private consumption expenditures. The latter series allows for international comparisons by taking account of the differences in relative prices between countries.
Subject: Labour cost
Collection: YI -- Yearly indicators
Id: LAC_4HRL_ECO_CUR_NB_A
Time period: 1994 - 2018
Last updated: 10/11/2019 07:07:12
Number of records: 25908
Segment: indicator / k_indicators