Average hourly compensation cost is a measure intended to represent employers¡¦ expenditure on the benefits granted to their employees as compensation for an hour of labour. These benefits accrue to employees, either directly ƒ{ in the form of total gross earnings ƒ{ or indirectly ƒ{ in terms of employers¡¦ contributions to compulsory, contractual and private social security schemes, pension plans, casualty or life insurance schemes and benefit plans in respect of their employees.