Labor Costs

Chart: Hourly Labor Costs in an EU Wide Comparison

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.)

Chart: Gross Wages per Full-Time Employee by Selected Industrial Sectors

Source: Statistical Office of the Federal State of Saxony

Compensation PER EMPLOYEE (=Labor Costs) BY INDUSTRIAL SECTOR

In 2018, the compensation per employee (=labor costs) in Saxony in the manufacturing industries and service sectors amountedto 35,858 euros. The highest compensations in 2018 were paid in the processing trade sector (40,671 euros/employee) and in the sector "Administrative and support service activities, human health and social work activities" (39,217 euros/employee)

All told, the compensations per employee increased on average by 3.3 percent, in 2018 compared to the previous year.

The compensation of employees consists of wages and salaries in cash or in kind and of employer's actual and imputed social contributions.

Chart: Labor costs 2018 - Compensation per employee in Germany by Federal States

compensation per employee (=labor costs) BY FEDERAL STATE

In 2018, the compensation per employee (=labor costs) in Saxony amounted to an average of 35,858 euros.

On a German national average, the compensation per employee amounted to 42,962 euros.

The compensation of employees consists of wages and salaries in cash or in kind and of employer's actual and imputed social contributions.

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Dr. Peter Homilius
Strategy, Industry Sectors, Marketing
Phone: +49 (351) 2138-201 Fax: +49 (351) 2138-109

We support Saxony.

Dr. Michael Süß

Vice President Engineering, TomTom Telematics

»The Leipzig site, which emerged from the acquisition of the datafactory AG corporation in 2005, is the technological center of TomTom Telematics. The primary reason why we selected this location as our corporate site was the favorable environment for business setups in Leipzig.«

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