Personnel costs of machinery & equipment manufacturers in the UK 2009-2018
The personnel costs of the machinery and equipment manufacturing industry in the United Kingdom increased by 540 million euros (+6.24 percent) since the previous year. In total, the personnel costs amounted to 9.2 billion euros in 2018. This increase was preceded by declining personnel costs in this industry.
According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.
Find more statistics on the machinery and equipment manufacturing industry in the United Kingdom with key insights such as turnover and production value.
According to Eurostat, cost of personnel are defined as the total remuneration payable by an employer to an employee in return for work during the reference period. It also includes taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. Personnel costs are made up of wages and salaries and employers' social security costs.
Find more statistics on the machinery and equipment manufacturing industry in the United Kingdom with key insights such as turnover and production value.
