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LABS TAT Updates (Vol. 20 No. )Page 3 of 4Quezon City, Philippines. 20 No. 11June 2016STRUCTURE OF LABOR COST IN THE PHILIPPINES (Last part of a series) The 2013 Labor Cost Survey (LCS) is one of

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What is structure of labor cost?

The structure of labor cost refers to the breakdown of expenses related to employee wages and benefits within a company.

Who is required to file structure of labor cost?

Employers are required to file the structure of labor cost with the relevant authorities.

How to fill out structure of labor cost?

The structure of labor cost can be filled out by detailing the various components of labor expenses, such as salaries, bonuses, benefits, and payroll taxes.

What is the purpose of structure of labor cost?

The purpose of the structure of labor cost is to provide transparency and accountability for labor expenses within a company.

What information must be reported on structure of labor cost?

Information that must be reported on the structure of labor cost includes total labor expenses, employee headcount, salaries by department, and benefits cost.

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