Wage and salaried workers, total (% of total employment) (modeled ILO estimate)

This indicator provides a comprehensive reflection of the labor market, highlighting the percentage of employees engaged in salaried roles within the overall employment landscape. Wage and salaried workers are defined as individuals in paid positions who operate under employment agreements—these contracts, whether formal or informal, establish a salary that is usually independent of the unit's financial performance. This metric not only sheds light on job stability within an economy but also indicates the level of social security and benefits accessible to employees. By measuring this segment of the workforce, we can assess trends in job quality, shifts in labor market dynamics, and the overall economic health of a region or country, thus fostering informed policy decisions aimed at enhancing employment conditions and worker rights. Source: