HOURLY LABOR COSTS IN AN EU WIDE COMPARISON – SAXONY SMACK IN THE MIDDLE
German employers in the private sector (industry and private service sector) have to expend about 35 euros for every working hour completed. The labor costs are higher in five countries: Between 36.50 euros and 44.70 euros have to be spent per hour in Denmark, Luxemburg, Belgium, Sweden, and France. The average amount in the EU 28 region is 26.60 euros. The lowest figures are exhibited by Romania and Bulgaria with labor costs of 6.50 euros and/or 5.30 euros per hour respectively.
In Saxony’s private sector, 26.61 euros need to be spent for every working hour completed. For the manufacturing trade (industry), it is 26.13 euros; and for the service sector, it is 26.59 euros per working hour.
(The labor costs include, in addition to the gross wage, also the employer’s shares in social security contributions, expenditures for general and continued education and training as well as employment taxes which are considered to be labor costs.)