In Serbia, average labour costs per hour actually worked for 2016 amounted to RSD619 RSD (€5.03), Labour Cost Survey showed, the Statistical Office reported on June 20.
Even though an increase of salaries in public sector is expected, price per working hour in private companies will most likely remain the same as the market doesn’t indicate changes that may led to such move.
The highest average labour costs per hour actually worked in 2016 was recorded in financial and insurance activities and amounts to RSD1,166, which is nearly twice as much as the average amount in the country. The lowest labour costs per hour actually worked is recorded for accommodation and food services, transportation and storage and arts, entertainment and recreation, amounting to less than RSD500.
According to the LCS latest data, employers paid the largest amount for the compensation of employees – wages and social contributions – totalling RSD627. Meanwhile, other labour costs such as vocational training costs, оther expenditure paid by the employer, which imply costs regarding the employment of new workers and occupational safety costs, other tax costs, referring to penalty payment due to unemployment of legally prescribed number of persons with disabilities, on average, amounted to RSD5 per hour actually worked.