7 October 2015
2015- n° 245The revised index of hourly labour cost - all employees (ICHTrev-TS) ; a cost index
and an index of employer contributions Hourly labour cost index - 2nd quarter 2015
The ICHTrev-TS is primarily intended for users who need indicators of labour costs to upgrade their contracts. Therefore, this index cannot be subject to any revision once it has been published. It is a monthly index (base 100 in December 2008) that is published every quarter for all industries.
Warning: Since the first quarter of 2013, the tax credit for encouraging competitiveness and jobs (CICE) has been included in the computation of the revised index of hourly labour cost as a subsidy received by the employer. The rate of the CICE increased from 4% to 6% on January 1st 2014, then to 7.5%, in overseas departments only, on January 1st 2015. An index without the effect of the CICE is available as supplementary data.
The cost index
The ICHTrev-TS is primarily intended for users who need indicators of labour costs to upgrade their contracts. Therefore, this index cannot be subject to any revision once it has been published. It is a monthly index (base 100 in December 2008) that is published every quarter for all industries.
Since January 1st, 2013, the tax credit for encouraging competitiveness and jobs (CICE) has been included in the computation of the ICHTrev-TS as a subsidy received by the employer. On January 1st 2014, the rate of exoneration of the CICE increased from 4% to 6% of wages lower than 2.5 minimum wages and then increased to 7.5%, in overseas departments only, on January 1st 2015. Since the ICHTrev-TS is an index, which is smoothed over a four-quarter period, the effect of an increase of the CICE rate on the change in the index is spread over the whole year.
tableautableauCang – ICHTrev-TS - Costs
| Apr-2015 | May 2015 | June 2015 | Jul-2015 | |
|---|---|---|---|---|
| Mechanical and electrical industries | 115.1 | 115.2 | 115.4 | 115.5 |
| Mining and quarrying | 114.0 | 114.6 | 115.1 | na |
| Manufacturing | 113.7 | 113.8 | 113.9 | na |
| Electricity, gas, steam and air conditioning supply | 107.3 | 107.4 | 107.6 | na |
| Water supply; sewerage, waste management and remediation act. | 107.8 | 107.8 | 107.8 | na |
| Construction | 110.1 | 110.1 | 110.0 | na |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 109.8 | 109.8 | 109.8 | na |
| Transportation and storage | 108.0 | 108.0 | 108.0 | na |
| Accommodation and food service activities | 111.5 | 111.5 | 111.4 | na |
| Information and communication | 112.2 | 112.4 | 112.5 | na |
| Financial and insurance activities | 111.6 | 111.7 | 111.7 | na |
| Real estate activities | 114.9 | 115.0 | 115.2 | na |
| Professional, scientific and technical activities | 110.0 | 110.1 | 110.1 | na |
| Administrative and support service activities | 114.7 | 114.7 | 114.7 | na |
- Field: non-agricultural market sector excluding household services
- na = not available Sources: ACOSS, DARES, INSEE
The index of employer contributions
An index of employer contributions has also been published from April 2010 on (base 100 in December 2008). It differs from the ICHTrev-TS in two ways: the three monthly indices of a same quarter are identical, and there is no forecast for the mechanical and electrical industries as far as the first month of the next quarter is concerned. This index of employer contributions measures the change in the variable "1 + rate of employer contributions" where the rate of employer contributions is the percentage of employer social contributions and taxes minus subsidies based on wages and employment, relative to gross salary (see methodological note).
The CICE affects the index of employer contributions.
tableautableauCHang – ICHTrev-TS - Employer contributions
| Apr-2015 | May 2015 | June 2015 | |
|---|---|---|---|
| Mechanical and electrical industries | 98.4 | 98.4 | 98.4 |
| Mining and quarrying | 97.9 | 97.9 | 97.9 |
| Manufacturing | 98.1 | 98.1 | 98.1 |
| Electricity, gas, steam and air conditioning supply | 98.7 | 98.7 | 98.7 |
| Water supply; sewerage, waste management and remediation act. | 97.9 | 97.9 | 97.9 |
| Construction | 97.6 | 97.6 | 97.6 |
| Wholesale and retail trade; repair of motor vehicles and motorcycles | 97.5 | 97.5 | 97.5 |
| Transportation and storage | 96.9 | 96.9 | 96.9 |
| Accommodation and food service activities | 97.0 | 97.0 | 97.0 |
| Information and communication | 99.0 | 99.0 | 99.0 |
| Financial and insurance activities | 99.1 | 99.1 | 99.1 |
| Real estate activities | 98.6 | 98.6 | 98.6 |
| Professional, scientific and technical activities | 98.8 | 98.8 | 98.8 |
| Administrative and support service activities | 96.5 | 96.5 | 96.5 |
- Field: non-agricultural market sector excluding household services
- Sources: ACOSS, DARES, INSEE
Pour en savoir plus
Time series : Labour cost - Hourly labour cost index
