The revised index of hourly labour cost - all employees (ICHTrev-TS) ; a cost index and an index of employer contributionsHourly 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.

tableauCang – ICHTrev-TS - Costs

base 100 in Dec. 2008
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.

tableauCHang – ICHTrev-TS - Employer contributions

base 100 in Dec. 2008
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