The revised index of hourly labour cost - all employees (ICHTrev-TS) ; a cost index and an index of employer contributionsHourly labour cost index - 4th Quarter 2014

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 has increased from 4% to 6% since January 1st, 2014. An index without the effect of the CICE is available as supplementary data.

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 has increased from 4% to 6% since January 1st, 2014. 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. From January 1st 2014, the rate of exoneration of the CICE has increased from 4% to 6% of wages lower than 2.5 minimum wages. 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 has been spread over the whole year 2014.

tableauC – ICHTrev-TS - Costs

base 100 in Dec. 2008
ICHTrev-TS - Costs
Oct. 2014 Nov. 2014 Dec 2014 Jan. 2015
Mechanical and electrical industries 113.9 114.1 114.2 114.3
Mining and quarrying 113.7 113.8 113.9 na
Manufacturing 112.8 112.9 113.0 na
Electricity, gas, steam and air conditioning supply 106.9 106.9 107.0 na
Water supply; sewerage, waste management and remediation activities 107.7 107.6 107.6 na
Construction 109.8 109.8 109.8 na
Wholesale and retail trade; repair of motor vehicles and motorcycles 109.2 109.3 109.3 na
Transportation and storage 107.8 107.8 107.8 na
Accommodation and food service activities 111.1 111.1 111.2 na
Information and communication 111.3 111.4 111.5 na
Financial and insurance activities 110.9 110.9 110.9 na
Real estate activities 114.0 114.1 114.2 na
Professional, scientific and technical activities 109.1 109.1 109.0 na
Administrative and support service activities 114.6 114.4 114.3 na
  • na = not available Sources: Acoss, Dares, INSEE

The index of employer contributions

An index of employer contributions has also been published from April 2010 to now (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 (see methodological note), to gross salary.

The CICE affects the index of employer contributions.

tableauCH – ICHTrev-TS - Employer contributions

base 100 in Dec. 2008
ICHTrev-TS - Employer contributions
Oct. 2014 Nov. 2014 Dec 2014
Mechanical and electrical industries 98.6 98.6 98.6
Mining and quarrying 98.4 98.4 98.4
Manufacturing 98.3 98.3 98.3
Electricity, gas, steam and air conditioning supply 98.7 98.7 98.7
Water supply; sewerage, waste management and remediation activities 98.2 98.2 98.2
Construction 98.0 98.0 98.0
Wholesale and retail trade; repair of motor vehicles and motorcycles 97.8 97.8 97.8
Transportation and storage 97.3 97.3 97.3
Accommodation and food service activities 97.5 97.5 97.5
Information and communication 99.1 99.1 99.1
Financial and insurance activities 99.2 99.2 99.2
Real estate activities 98.8 98.8 98.8
Professional, scientific and technical activities 98.8 98.8 98.8
Administrative and support service activities 97.1 97.1 97.1
  • Sources: Acoss, Dares, INSEE