Meaning of COMPENSATION OF EMPLOYEES in English

COMPENSATION OF EMPLOYEES

The total remuneration, including gross wages and salaries as well as bonuses, overtime payments and employers’ social security contributions, that is payable, in cash or in kind, by employers to employees in return for work done by the latter during the accounting period (definition according to the ESA 95).

European Central Bank English Glossary.      Английский глоссарий Европейского Центрального Банка.