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Compensation of Employees

Version 17.11 by Helena on 2025/07/31 14:26


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http://purl.semanticstat.org/LabourMarket/Glossary/CompensationOfEmployees TTL
Compensation of Employees

Compensation of employees is defined 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.

Compensation of employees has two main components:

  • a. Wages and salaries payable in cash or in kind;
  • 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.
Employees, Employment, Work

System of National Accounts 2008 (SNA 2008)

Used in the following terms: Labour Cost
Backlinks: 1. Introduction and background, Resolution III: Resolution to amend Resolution 16th ICLS concerning the measurement of employment-related income, Resolution concerning statistics of employment in the informal sector, the 15th ICLS