Labour costs, including gross wages and salaries (as well as bonuses of all kinds), employers social security contributions and other labour costs (e.g. vocational training costs, recruitment costs and employment-related taxes), net of subsidies, per hour actually worked. Hourly costs may be obtained by dividing the sum total of these costs for all employees by the sum total of all hours worked by them (including overtime).
HOURLY LABOUR COST
Meaning of HOURLY LABOUR COST in English
European Central Bank English Glossary. Английский глоссарий Европейского Центрального Банка. 2012