In 2017, compensation of employees for Shanghai was 14,997 100 million yuan. Between 2003 and 2017, compensation of employees of Shanghai grew substantially from 2,427 to 14,997 100 million yuan rising at an increasing annual rate that reached a maximum of 21.17% in 2008 and then decreased to 13.50% 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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