Compensation of employees

Compensation of employees is the total remuneration, in cash or in kind, payable by enterprises to employees in return for work done by the latter during the accounting period. (SNA) See Employee Compensation.

Employment multipliers

Employment & employee compensation table

Commuting

The inflow of residents from outside the Study Area who are employed by firms in the Study Area (in-commuting), or the outflow of residents in the SA employed by firms outside of it. These values can be viewed in the Social Accounting Matrix as entries in household receipts from exports (net out-commuting), or as labor income payments to imports (net in-commuting).

Commodity-flow method

A technique used to estimate purchases of an item by intermediate or final users when primary data are not available. The method generally begins with an estimate of the total supply of an item available for domestic uses; it then either attributes a fixed percentage of supply to an intermediate or final user, or it adjusts for other purchases and attributes the residual to intermediate or final users. Commodity-flow estimates are always calculated in basic prices. (BEA)

Employment

Employment in IMPLAN includes full-time, part-time, and seasonal workers and therefore does not represent full-time-equivalents (FTEs). IMPLAN jobs can be converted to FTEs and vice-versa using the file 536 FTE & Employee Compensation Conversion Table (2017).  IMPLAN employment includes wage and salary employees as well as proprietors (self-employed individuals and unincorporated business owners).  IMPLAN’s definition of employment is the same as that used by the BLS and BEA.

For more information, visit IMPLAN to FTE Conversions.

Employer’s social contributions

Employer’s social contributions are payments by employers which are intended to secure for their employees the entitlement to social benefits should certain events occur, or certain circumstances exist, that may adversely affect their employees’ income or welfare – sickness, accidents, redundancy, retirement, etc. (SNA)

Employees’ social contributions

Employees’ social contributions are the amounts payable by employees to social security funds and private funded social insurance schemes. (SNA)

Commodity technology assumption

By this assumption, the production of each commodity requires a unique set of inputs no matter which industry produces that commodity. This assumption provides the basis for the redefinition of secondary products in the I-O accounts, whereby the secondary product and its associated inputs are redefined from the industry that produced it to the industry in which it is the primary product. See also Handbook of Input-Output Table Compilation and Analysis, Studies in Methods, Handbook of National Accounting, Series F, No. 74, (New York: United Nations, 1999): 91. (BEA)

Employee Compensation

Employee Compensation in IMPLAN is the total payroll cost of wage and salary employees to the employer.  This includes wages and salaries, all benefits (e.g., health, retirement) and payroll taxes (both sides of social security, unemployment insurance taxes, etc.).  Also referred to as fully-loaded payroll.

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