Labour costs and pay

This section of the guide defines labour costs and pay. Labour costs are on the employer's (demand) side of the labour market framework. Pay is on the worker's (supply) side. Labour costs and pay as a whole, therefore, are represented on both sides of the labour market framework.

  • About labour costs and pay

    Total labour costs are the sum of wages and salaries (pay) paid by an employer to an employee

  • Wages and salaries

    This section of the guide includes information on the Average Earnings Index (AEI) and Average Weekly Earnings (AWE)