Salaries in international comparison: Why company financial data is becoming a key resource

Wages and social overheads are among the key factors in operating costs - regardless of industry or company size. However, salary trends, regional differences and labor-related ancillary costs can hardly be validly recorded without reliable data. For companies that want to base their HR strategy, production planning or costing on real figures, precise company financial data is indispensable. The Salary Data from costdata® offers exactly that: sound data on wages, social costs and regional salary differences - worldwide and across all industries.

Labor Costs, Social Overhead & Regional Wage - structured, global, practical

The database covers more than 4,100 regions in over 130 countries and provides precise information on gross salaries, overtime regulations, collective agreements, social security contributions and working time-related additional costs. Particularly relevant in practice: indirect social overhead costs such as downtime, replacement workers or capacity losses are also taken into account.

The ability to analyze regional wage structures in a differentiated manner - e.g. for industrial parks, rural regions or metropolitan areas - provides a realistic picture of the actual personnel expenses on site.

HR and workforce planning with reliable figures

Whether personnel budgeting, location analysis or pay scale comparison - salary data can be used to back up HR decisions in a targeted manner. Companies can realistically calculate workforce costs, examine scenarios for relocating work or develop long-term HR strategies. The comparison of labor costs is particularly crucial in an international environment - for example, to ensure competitiveness or open up new markets.

Companies also benefit from the structured database in the operational area - for example in operations management or controlling: labor costs can be integrated into product calculations, linked with product pricing data and compared across locations.

Compliance and cost management with vision

Systematic access to regional salary data makes it easier to meet compliance requirements, such as minimum wage requirements, collective bargaining regulations or international employment contracts. At the same time, there is potential for cost optimization: Where are wages above average in relation to performance? Where can personnel models be designed more efficiently?

The combination of salary, social charges and additional costs provides a complete picture of the financial burden per employee - an important basis for sustainable cost management.

Conclusion: Use salary data strategically - with Salary Data from costdata®

If you want to make data-based personnel decisions, you need access to valid salary data - including salaries, social overhead, labor costs, regional comparison values and benchmarks. The Company Financial Data from costdata® provides this information worldwide - for HR, controlling, purchasing and management.

➡️ Request a free sample data set now and plan personnel structures based on data: www.costdata.de/daten

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