This economic indicator encompasses the total monetary and non-monetary rewards given to workers for their services, capturing the full spectrum of employee remuneration. It includes cash payments, as well as benefits-in-kind such as meals, housing, and other allowances that enhance the overall value of compensation. Furthermore, it incorporates government contributions to various social insurance programs, including pensions and social security, which play a critical role in providing long-term financial security for the workforce. By reflecting both wage levels and the broader context of employee benefits, this measure serves as a vital tool for understanding labor market dynamics and the overall economic health, influencing consumer spending and national productivity. Source: