Search box

Definition: Compensation of employees


Total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period.

This definition is used both in SNA 1993 (§ 7.21) and in SNA 2008 (§ 7.5 and 7.40). United Nations, System of National Accounts (SNA) 1993, United Nations, New York, 1993
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009