Compensation of Employees (Local Currency) reached 101 EUR bil in 2018 in Italy. This is 4.12 % more than in the previous year.
Historically, Compensation of Employees (Local Currency) in Italy reached an all time high of 101 EUR bil in 2018 and an all time low of EUR bil in. When compared to Italy's main peers, Compensation of Employees (Local Currency) in Austria amounted to 16.2 EUR bil, 135 EUR bil in France, 3.26 EUR bil in Slovenia and 7.89 CHF bil in Switzerland in 2018.
Italy has been ranked 55th within the group of 115 countries we follow in terms of Compensation of Employees (Local Currency), 9 places behind the position seen 10 years ago.
Compensation of employees consists of all payments in cash, as well as in kind (such as food and housing), to employees in return for services rendered, and government contributions to social insurance schemes such as social security and pensions that provide benefits to employees.