Compensation of Employees (Local Currency) reached 4.84 EUR bil in 2018 in Slovakia. This is 5.42 % more than in the previous year.
Historically, Compensation of Employees (Local Currency) in Slovakia reached an all time high of 4.84 EUR bil in 2018 and an all time low of EUR bil in. When compared to Slovakia's main peers, Compensation of Employees (Local Currency) in Austria amounted to 16.2 EUR bil, 234 CZK bil in Czech Republic, 3,408 HUF bil in Hungary and 95.6 PLN bil in Poland in 2018.
Slovakia has been ranked 95th within the group of 115 countries we follow in terms of Compensation of Employees (Local Currency), 7 places above 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.