Powered by momentummedia
nestegg logo
Powered by momentummedia
nestegg logo
nestegg logo

 

 

Resources

Labour costs in Australia

By Louise Chan · February 10 2020
Reading:
egg
egg
egg

Labour costs in Australia

author image
By Louise Chan · February 10 2020
Reading:
egg
egg
egg
Click here to enlarge

INFOGRAPHIC: The Australian Bureau of Statistics’ Major Labour Costs survey has revealed that a large proportion of labour costs incurred by employers were paid towards employee earnings and superannuation.

Labour costs according to spending

The survey covering financial year 2015-16 showed that out of the $760.9 billion employer spending, $664.6 billion (87.3 per cent) were expedited as employee earnings – the biggest labour cost overall.

Superannuation contributions accounted for the second largest labour cost at $60.9 billion (8.0 per cent) followed by payroll tax at $21.8 billion (2.87 per cent).

The private sector accounted for the larger share of labor costs among all employers – with $591.4 billion (77.7 per cent) of total labour costs coming from private sector employers.

On the other hand, $168.6 billion (22.3 per cent) of labour costs came from the public sector employers.

Advertisement
Advertisement

Labour costs by state

Total labour cost in NSW ranked the highest among Australian states and territories – with NSW accounting for $250.8 billion.

NSW’s earnings and superannuation costs were recorded at $219.1 billion and $19.5 billion, respectively.

Victoria’s labour cost ranked second at $182.5 billion – with  $159.6 billion accounting for its employee earnings and $14.34 billion for superannuation.

Ranking third on the list, Queensland recorded a total of $137.7 billion – with earnings and superannuation accounting for $120.6 billion and $11.5 billion, respectively.

The Northern Territories recorded the lowest total labour cost overall at $9.1 billion, of which $7.9 billion went towards employee earnings, while $729.5 million was the total cost for super.

Labour costs in Australia
default
nestegg logo
Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates
Rate the article
author image

About the author

Louise is a content producer for Momentum Media’s nestegg who likes keeping up-to-date with all the ways people can work towards financial stability in 2019. She also enjoys turning complex information into easy-to-digest, practical tips to help those who want to achieve financial independence.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

About the author

Louise is a content producer for Momentum Media’s nestegg who likes keeping up-to-date with all the ways people can work towards financial stability in 2019. She also enjoys turning complex information into easy-to-digest, practical tips to help those who want to achieve financial independence.

Join The Nest Egg community

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy

most popular

From the web

Recommended by Spike Native Network

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.