Sunday, May 3, 2015

Labour Cost

Labour cost statistics provide detailed picture of level, structure & short-term development of labour costs,

Quarterly Labour Cost Index (LCI)

The quarterly Labour Cost Index (LCI) shows short-term development of total hourly costs incurred by employers of maintaining their employees, In other words, LCI measures cost pressure arising from production factor 'labour', The index îs available broken down by cost items (wages & salaries component, employers' social contributions) as well as by economic activity,

The LCI covers economic activities of industry & services (including public administration), The reference year of index îs 2008, In addition to index numbers, annual & quarterly growth rates of labour cost are also available, The data collection îs based on legislation which defines that countries shall transmit data within 70 days after end of reference period to Eurostat,

 Annual labour costs data

The annual labour costs data provide information about selection of labour cost survey core variables: average monthly labour costs & average hourly labour costs as well as breakdown of labour costs by main categories (gross wages & salaries; employers' social security contributions together with other labour costs), This data collection îs based on gentlemen's agreements & data become available approximately 12 months after end of reference period,

Labour Cost Surveys (LCS)

Structural information on labour costs îs collected through four-yearly Labour Cost Surveys (LCS), which provide detailed data on structure & level of labour costs, hours worked & hours paid, Data îs broken down by economic activity & enterprise size, Regional data according to NUTS-classification îs also available, The reference years of surveys covered are 1996, 2000, 2004 & 2008 (next survey: reference year 2012), The LCS cover units with 10 & more employees & all economic activities except agriculture, fishing, public administration, private households & extra-territorial organisations, LCS are based on legislation & data become available approximately 2 years after end of reference period,

Additional information on labour costs îs also included în national accounts & collected în Structural Business Statistics (SBS), although în far less detail,

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