Compensation of employees (COE) is both an economic and social indicator. COE includes wages and salaries (paid in CASH and in kind) and employer social contributions (e.g. employers’ contributions to superannuation and workers’ compensation premiums). Wages and salaries, in kind, can include meals, housing, uniforms and vehicles.
Graph 15.6 shows industry shares of total compensation of employees in 2010–11, by industry. In this period, total compensation of employees was $666 billion. Total wages and salaries was $595 billion (89% of total compensation of employees).
The industries that held the largest share of total compensation of employees were Health care and social assistance and FINANCIAL and insurance Services (both 10.1%), followed by Manufacturing (9.2 %) and Professional, scientific and technical services (8.5%). Three of these industries (Health care and social assistance, Manufacturing, and Professional, scientific and technical services) were in the top five industries that had the highest share of total employment in 2010–11.
Compensation of employees (COE) is both an economic and social indicator. COE includes wages and salaries (paid in CASH and in kind) and employer social contributions (e.g. employers’ contributions to superannuation and workers’ compensation premiums). Wages and salaries, in kind, can include meals, housing, uniforms and vehicles.
Graph 15.6 shows industry shares of total compensation of employees in 2010–11, by industry. In this period, total compensation of employees was $666 billion. Total wages and salaries was $595 billion (89% of total compensation of employees).
The industries that held the largest share of total compensation of employees were Health care and social assistance and FINANCIAL and insurance Services (both 10.1%), followed by Manufacturing (9.2 %) and Professional, scientific and technical services (8.5%). Three of these industries (Health care and social assistance, Manufacturing, and Professional, scientific and technical services) were in the top five industries that had the highest share of total employment in 2010–11.
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