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 36.70 euros for every working hour completed. The labor costs are higher in seven countries: Between 38.00 euros and 46.90 euros have to be spent per hour in Denmark, Luxemburg, Belgium, Sweden, France and Austria. The average amount in the EU 27 region is 28.00 euros. The lowest figures are exhibited by Romania and Bulgaria with labor costs of 7.70 euros and/or 6.40 euros per hour respectively.
In Saxony’s private sector, 29.50 euros need to be spent for every working hour completed.
(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.)