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STATISTICS MALTA

Malta: labour cost survey 2020

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labour cost survey nsoThis news release presents the findings of the 2020 Labour Cost Survey (LCS). The LCS is an enterprise-based survey carried out every four years designed to gather information on the costs borne by employers (10+ employees) in order to employ staff. Given that the reference period is the year 2020, data in this news release should be interpreted in the context of the COVID-19 pandemic. 

 

During the reference period, an estimated 237,111 employees within the survey’s target population accounted for a total labour cost of €5.5 billion, with an average cost per enterprise of €1.6 million (Table 3).

The average hourly labour cost excluding apprentices was €13.54. This includes outlay on wages and salaries, social contributions, vocational training and other labour-related expenses, such as the cost of uniforms or protective clothing. The lowest hourly labour cost was recorded for the wholesale and retail trade, transportation and storage, accommodation and food service activities sector (€9.25) (Chart 1). The hourly labour cost for enterprises with more than 250 employees was €14.49 compared to €13.77 for enterprises with 10 to 49 employees.

The financial and insurance activities sector had the highest annual average labour costs per employee (€40,568), followed by the information and communication sector (€35,153). Enterprises operating within wholesale and retail trade, transportation and storage, accommodation and food service activities recorded the lowest annual average labour costs per employee (€17,039).

Wages and salaries

Wages and salaries accounted for the largest portion of total labour costs, with a share of 92.2 per cent. These were followed by employers’ social contributions, at 6.9 per cent. Vocational training costs and other expenditures paid by the employer made up the remaining 0.5 per cent and 0.4 per cent of the total labour cost, respectively.

 

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