Definition: Labour costs

Frascati Manual

Annual wages and salaries and all associated costs or fringe benefits, such as bonus payments, stock options, holiday pay, contributions to pension funds. In this manual, the concept of labour costs also includes other social security payments and payroll taxes ( Source: Frascati Manual 2015).

Annual wages and salaries and all associated costs or fringe benefits such as bonus payments, holiday pay, contributions to pension funds and other social security payments, payroll taxes, etc (Source: A Summary of the Frascati Manual 1993).
Source:
Organization for Economic Cooperation and Development (OECD), "Frascati Manual 2015: The Measurement of Scientific, Technological and Innovation Activities - Guidelines for Collecting and Reporting Data on Research and Experimental Development", Paris, 2015
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