Definition: Guaranteed remuneration in the event of sickness

Category: Labour market

Guaranteed remuneration in the event of sickness is the sum paid directly by the employer to employees to maintain remuneration in the event of sickness, maternity or occupational accident to compensate for loss of earnings, minus any reimbursements paid by social security institutions.
Source:
Community statistics on the level and structure of labour costs 1996 - List, definition and breakdown of the variables, p.8
Created:
Updated: