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3. Compensation of employees - NACE Rev. 2

Compensation of employees - NACE Rev. 2

Compensation of employees (at current prices) (ESA 2010, 4.02) is defined as the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during the accounting period. Compensation of employees consists of wages and salaries, and of employers' social contributions. Seasonally and calendar adjusted data (SCA).