In 2023, Securex calculated that the average wage cost per hour worked for a company in Belgium was 27.44 euros. This was based on data from 20,847 companies and represented a 9.1 percent increase compared to the previous year. Despite the increase in wage costs, the number of hours worked did not decrease.
Securex attributed the rise in wage costs to wage indexations. Companies in Brussels had the highest average wage costs per hour worked at 31.45 euros, followed by companies in Flanders at 29.10 euros, and Wallonia at 25 euros.
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