World Library  
Flag as Inappropriate
Email this Article

List of countries by employee compensation (per hour)

Article Id: WHEBN0022271576
Reproduction Date:

Title: List of countries by employee compensation (per hour)  
Author: World Heritage Encyclopedia
Language: English
Publisher: World Heritage Encyclopedia

List of countries by employee compensation (per hour)

The compensation of employees per hour is a measure for the financial well-being of a country's inhabitants. A similar measure is the GDP per capita. However, gross domestic product (GDP) (on the income side) = compensation of employees + gross operating surplus/mixed income + taxes on production - subsidies. This way, various components increase the GDP that are not directly contributing to the well-being of citizens. In particular, the gross operating surplus consists of corporate profits, which is money that companies save, reinvest, or pay to their shareholders in the form of dividends (who may be located outside the country). Even in the case of reinvestment, much of the money moves offshore, especially with larger multi-national companies. In order to measure the part of the income generated by the domestic economy that is actually earned by the employees, it is better to break down the GDP to its components and consider only wages and salaries.

Average compensation per hour

The following table lists the average compensation of employees per hour in purchasing power parity (PPP) in the respective countries, which includes wages and salaries as well as employers social contributions. The figures are calculated from data published by the OECD.[1] Note that some OECD countries are not listed, like Japan and the UK.

Rank Country 2007 $ PPP
1  USA $33.0
2  Netherlands $31.5
3  Norway $31.1
4  France $30.4
5  Austria $28.0
6  Germany $27.8
7  Sweden $26.2
8  Denmark $24.8
9  Canada $23.5
10  Finland $22.6
11  Ireland $22.5
12  Italy $22.5
13  Poland $22.1
14  Spain $21.9
15  Cyprus $17.7


See also

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.