Employee data in practice: understanding and targeting wages worldwide

Global production networks, a shortage of skilled workers and rising non-wage labor costs make precise labor cost planning indispensable. Especially in manufacturing, wages, overhead and capacity costs influence the profitability of a location. However, real wage structures vary considerably between rural regions, industrial parks and zones subject to collective agreements. If you want to make well-founded decisions, you need reliable employee data - and this is exactly where the international Wages Database from costdata® comes in.

Detailed wages, capacity costs & rate comparisons in over 4,100 regions

The database covers more than 130 countries and over 4,100 regions - including collectively agreed wages, supplements for shift work, weekend work and special agreements. It also contains regional adjustments, e.g. for industrial parks, special economic zones or rural production sites. For a realistic calculation, capacity costs such as downtime, replacement personnel or unforeseen production stops are also explicitly taken into account.

This combination enables a holistic view of laboratory costs - differentiated, comprehensible and immediately usable for operational decisions.

Labor cost planning along the entire value chain

With Wages Data, personnel costs can be planned precisely - for production areas, but also for supporting administrative roles. In conjunction with Product Pricing Data, complete cost models are created that can map both individual processes and entire plants. This level of detail is a real advantage, particularly for cost center planning, location comparisons or make-or-buy analyses.

Companies can also carry out regional wage comparisons - for example, to objectively compare wage levels between urban and rural locations or to realistically evaluate new production sites.

Ensuring compliance and strengthening negotiations

Access to reliable wage and pay scale data is also key in the context of compliance requirements. Companies can use wages data to ensure that local regulations are adhered to, union negotiations are fact-based and outsourcing decisions are based on sound foundations. The data provides important insights for workforce strategies that are legally compliant, cost-optimized and sustainable.

Conclusion: Know real wages, manage them in a targeted manner

The Wages Data from costdata® provides companies with access to comprehensive employee data, including wages, bonuses, capacity costs and regional wage differences. It enables well-founded labor cost planning, strengthens the negotiating position and supports strategic decisions in HR, production and cost management.

➡️ Request a demo now and compare regional labor costs worldwide: www.costdata.de/daten

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