6 Labour cost

Labour cost
Labour cost comprises the total of all expenditure borne by employers for employing staff. Labour cost includes, for example, the compensation of employees with gross wages and salaries in the form of cash or in kind, employers' social contributions, the costs of professional education and training, and expenses in connection with the recruitment of new employees. Labour cost does not include grants for employers, such as subsidies for employing the long-term unemployed.