A Singapore Government Agency Website

Official website links end with .gov.sg
Secure websites use HTTPS
Look for a lock () or https:// as an added precaution. Share sensitive information only on official, secure websites.
Sign In
Skip Navigation LinksLabour Market Statistics and Publications > Concepts > Labour Cost
Labour Cost
WAGES & BENEFITS
Switch topic
Unemployment Employment Job Vacancy Retrenchment Re-entry Into Employment Labour Turnover Labour Force Underemployment Income Social Security Labour Cost Hours Worked Employment Conditions Labour Relations Workplace Safety and Health Medical Benefits Labour Productivity Training and Higher Education Employment Service

​​​

Introduction

​​

  1. Labour Cost is the cost incurred by employers in the employment of labour. It can be broadly classified into wage and non-wage components.
  2. They can be used to assess the impact of labour costs changes on the economy both at the overall level as well as within different industries​.​​

​