Personnel costs of high-technology manufacturing in Lithuania 2012-2021
The personnel costs of the high-technology manufacturing industry in Lithuania increased by 57.6 million euros (+38.71 percent) in 2021 in comparison to the previous year. With 206.36 million euros, the personnel costs thereby reached their highest value in the observed period. Notably, the personnel costs in this industry continuously increased over the last years.
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 key insights for the personnel costs in countries like Estonia and Latvia.
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 key insights for the personnel costs in countries like Estonia and Latvia.
