In Italy Hourly labor cost Backed by employers (including subscriptions, taxes and any bonuses) is Below the EU average: 29.4 euros per hourmuch less than 39.5 euros from Germany and 40.8 euros from France. This is the new data released by Eurostat, which negates the frigate which the Italian “wedge” is unsustainable for companies. The lowest costs are recorded in Bulgaria (8.2 euros) and Romania (9.5 euros), countries where companies aiming to cut costs tend to relocate. The higher ones are paid Luxembourg (50.7 euros), Denmark (46.8 euros) and Belgium (43.5 euros). And between them Spain (23.5 euros) and Portugal (16.1 euros).
The two main components of labor costs – the European Statistical Institute explains – are wages and non-wage costs, for example social contributions from employers. The share of non-wage costs in total labor costs for the whole economy was 24.8% in the EU and 25.5% in the eurozone. The lowest proportion of non-wage costs was recorded in Lithuania (5.4%) and Romania (5.3%) and the highest in France (32%) and Sweden (31.9%). in this order Italy ranks third, with 27.8%.
In 2022, hourly labor costs economy-wide, expressed in euros, will increase by 5% in the EU and by 4.7% in the eurozone. Within the eurozone, hourly labor costs have increased in all member states. For EU countries outside the euro area, hourly labor costs expressed in national currency increased in 2022 in all countries, with the largest increases recorded in Bulgaria (+15.3%), Hungary (+13.9%), Romania (+12.2%) and Poland (+11.7%) %). Most of the EU countries have been phased out Support schemes It was introduced in 2020 and extended in 2021 to mitigate the impact of the pandemic on businesses and workers, such as surplus fund Italian. These aids were generally recorded as grants (or tax credits) and thus reduced the non-wage component of labor costs.
the industrial workers They are the most expensive: the hourly labor cost was €30.7 in the European Union and €36.6 in the eurozone. in buildings The recorded costs were, respectively, 27.3 EUR and 30.8 EUR. but me services, hourly labor costs were 30.2 euros in the union and 33.3 euros in the eurozone. In a predominantly non-commercial economy (excluding public administration), they were 31.3 and 34.8 euros, respectively.
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