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Labour costs in Australia

  • February 10 2020
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Labour costs in Australia

By Louise Chan
February 10 2020

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 in Australia

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  • February 10 2020
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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.

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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.

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About the author

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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.

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.

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