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ERICA Working Group

The ERICA WG has published a new “ERICA series” document: “Employment and relative labour costs”. This document examines the distribution of group-level labour costs in different countries, based on consolidated data from non-financial listed groups, gathered in the ERICA database for the accounting period 2017. A cross-country comparison for the globalized labour costs per full-time equivalent (FTE) was made by decomposing the differences between countries into intrinsic and structural components, in order to understand whether the difference between country ratios is mainly due to differences in the real labour cost per FTE or to differences in the structure of the countries’ group population.