In 2017, compensation of employees for Guangdong was 45,802 100 million yuan. Between 2003 and 2017, compensation of employees of Guangdong grew substantially from 8,041 to 45,802 100 million yuan rising at an increasing annual rate that reached a maximum of 20.12% in 2007 and then decreased to 12.74% in 2017.
The description is composed by our digital data assistant.Compensation of Employees refers to the total payment of various forms to employees for the productive activities they are engaged in. It includes wages, bonuses and allowances, which the employees earn in cash or in kind. It also includes the free medical services provided to the employees and the medicine expenses, transport subsidies and social insurance, and housing fund paid by the employers.
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