Definition: Personnel costs

Category: Transport

Personnel costs are defined as the total remuneration, in cash or in kind, payable by an employer to an employee (regular and temporary employees as well as home workers) in return for work done by the latter during the reference period. Personnel costs also include taxes and employees' social security contributions retained by the unit as well as the employer's compulsory and voluntary social contributions. http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-BI-03-002-__-N-EN.pdf