Monday, March 21, 2016
The 2013 Labor Cost Survey (LCS) is one of the modules of the 2013/2014 Integrated Survey on Labor and Employment (ISLE), formerly the BLES Integrated Survey (BITS). The ISLE is a nationwide establishment survey conducted by the Philippine Statistics Authority (PSA) covering 8,399 agricultural and non-agricultural establishments employing at least 20 workers.
The LCS is intended to provide data that would address the gap in wage statistics, specifically on the evolution of labor cost and its various components. Particularly, the survey inquires on the different components of expenses incurred by employers in engaging the services of its workers.
According to the ILO Resolution regarding labor cost statistics adopted by the 11th Conference of Labour Statisticians in October 1966, the statistical concept of labor cost comprises remuneration for work performed, payments in respect of time paid but not worked, bonuses and gratuities, the cost of food, drink and other payments in kind, cost of workers’ housing borne by employers, employers’ social security expenditures, cost to the employer for vocational training, welfare services and miscellaneous items, such as transport of workers, work clothes and recruitment, together with taxes regarded as labor cost.
This issue focuses on direct wages and salaries and its sub-cost components across industries in 2013. These sub-components of labor cost include payment for normal/regular working time; commissions; overtime, night shift and premium pay; bonus, productivity, performance and other incentive schemes; and cost of living allowances and regularly paid allowances. The metadata and the statistical tables of the survey are posted at the PSA website.
The total labor cost in 2013 was posted at P1,065.7 billion for which direct wages and salaries contributed the biggest share at 78.7%.
See full article at the LabStat Updates Main page.