Official Concept and Definition

Compensation

Definition

Includes salaries and wages, separation/retirement/terminal pay, gratuities, and payments made by the employer in behalf of the employees such as contribution to SSS/GSIS, ECC, PhilHealth, Pag-ibig, etc.

Formula
PSS Agency PSA
Source/s

2012 Census of Philippine Business and Industry (CPBI)

https://psa.gov.ph/content/2012-census-philippine-business-and-industry-administ…
Indicators / Statistics Being Generated Not applicable
PSA Board Resolution Not applicable
Statistical Domain Demographic and social statistics
Statistical Activity Labour

Official Concepts and Definitions

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Statistical Standards Division
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