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 34.50 euros for every working hour completed. The labor costs are higher in five countries: Between 36.80 euros and 43.60 euros have to be spent per hour in Denmark, Belgium, Sweden, Luxemburg, and France. The average amount in the EU 28 region is 26.30 euros. The lowest figures are exhibited by Romania and Bulgaria with labor costs of 6.10 euros and/or 4.90 euros per hour respectively.

In Saxony’s private sector, 26.47 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 27.53 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

GROSS WAGES PER EMPLOYEE BY INDUSTRIAL SECTOR

In 2017, Saxony’s full-time employees earned an average gross, i.e. before deducting income tax and social security contributions, income of 39,832 euros. The highest wages of the processing trade sector in 2017 were paid for  the "Manuf. of motor vehicles, trailers, semi-trailers" (49,060 euros/employee) and for the "Manufacture of chemical products" (48,798 euros/employee). In the service sector employees in the areas "Financial and insurance activities" (60,846 euros / employee) and "Education" (51,826 euros / employee).

All told, the gross wages increased on average by 3.4 percent, in 2017 compared to the previous year.

Chart: Gross Wages and Salaries per Employee by Federal State

Source: Statistical Office of the Federal State of Saxony

GROSS WAGES AND SALARIES PER EMPLOYEE BY FEDERAL STATE

In 2017, every full-time employee in Saxony earned an average gross monthly income of 3,096 euros .

On a German national average, the gross monthly income amounted to 3,771 euros per employee.

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