ODefinition: Labour cost relate to all employees in manufacturing (ISIC, Revision 4, section C) and include direct pay and employer social insurance expenditures and labor-related taxes. Direct pay includes all payments made directly to the worker before payroll deductions and consists of two parts: Pay for time worked and directly-paid benefits. Social insurance expenditures refer to the value of social contributions (legally required as well as private and contractual) incurred by employers in order to secure entitlement to social benefits for their employees; these contributions often provide delayed, future income and benefits to employees. Labor-related taxes refer to taxes on payrolls or employment (or reductions to reflect subsidies), even if they do not finance programs that directly benefit workers.
Unit: US dollar
Data source: ILOSTAT database, United Nations
Link to the key table: Hourly labour cost in manufacturing (international comparison)