The personnel costs of the construction industry in Cyprus increased by 67.9 million euros (+9.88 percent) since the previous year. Therefore, the personnel costs in Cyprus reached a peak in 2021 with 755.22 million euros. 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.
The source adds the following information: Personnel costs are defined as the total remuneration, in cash or in kind, payable by an employer to an employee (regular and temporary employees as well as home workers) in return for work done by the latter during the reference period. Personnel costs also include 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. Data coverage corresponds to code F of CE Rev 2.
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Eurostat. (March 22, 2024). Annual personnel costs of the construction industry in Cyprus from 2010 to 2021 (in million euros) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/432827/personnel-costs-construction-industry-cyprus/
Eurostat. "Annual personnel costs of the construction industry in Cyprus from 2010 to 2021 (in million euros)." Chart. March 22, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/432827/personnel-costs-construction-industry-cyprus/
Eurostat. (2024). Annual personnel costs of the construction industry in Cyprus from 2010 to 2021 (in million euros). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/432827/personnel-costs-construction-industry-cyprus/
Eurostat. "Annual Personnel Costs of The Construction Industry in Cyprus from 2010 to 2021 (in Million Euros)." Statista, Statista Inc., 22 Mar 2024, https://www.statista.com/statistics/432827/personnel-costs-construction-industry-cyprus/
Eurostat, Annual personnel costs of the construction industry in Cyprus from 2010 to 2021 (in million euros) Statista, https://www.statista.com/statistics/432827/personnel-costs-construction-industry-cyprus/ (last visited November 03, 2024)
Annual personnel costs of the construction industry in Cyprus from 2010 to 2021 (in million euros) [Graph], Eurostat, March 22, 2024. [Online]. Available: https://www.statista.com/statistics/432827/personnel-costs-construction-industry-cyprus/