- In development
- http://purl.semanticstat.org/LabourMarket/Glossary/LabourCost TTL
- Labour cost
Labour cost is the cost incurred by the employer in the employment of labour. The statistics concept of labour cost 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.
The International Standard Classification of Labour Cost given in the annex to the Resolution concerning statistics of labour cost, the 11th ICLS shows the components of labour cost in more detail.
Taxes which are imposed on employment or on payrolls directly affect the cost to employersof employing labour. These taxes, in those countries where they are considered as labour cost, should be identified separately in order that they may be included or excluded for purposes of international comparisons. These taxes should be included on a net basis, i.e. after deduction of any rebates or allowances made by the State.
- Employment Work
Resolution concerning statistics of labour cost, the 11th ICLS
Used in the following terms: -
Backlinks: 1. Introduction and background, 2 Why measure digital platform employment and work?, C160 - Labour Statistics Convention (No.160), International Standard Classification of Labour Costs, R170 - Labour Statistics Recommendation (No.170)