As of 2023, the labor cost per employee FTE in the UK's non-hazardous waste collection industry stands at 34.3 thousand Euros. In the following years (2024-2028), forecasts suggest a gradual decrease in labor costs, moving from 34.1 thousand Euros in 2024 to 33.2 thousand Euros by 2028, denoting an overall decline. The year-on-year changes are slight, reflecting a generally stable market environment with minor variations. Over the five-year period, the compounded annual growth rate (CAGR) is negative, pointing towards a modest decline trend over time.
Future trends to monitor include:
- Potential changes in regulatory policies affecting labor costs.
- Technological advancements in waste collection affecting efficiency and labor demand.
- Economic conditions impacting wage growth.
- Shifts towards more sustainable waste management practices.