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 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.

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
Oct. 2015 Nov. 2015 Dec. 2015 Jan. 2016
Mechanical and electrical industries 115.8 116.0 116.2 116.3
Mining and quarrying 115.0 115.0 115.0 na
Manufacturing 114.3 114.5 114.6 na
Electricity, gas, steam and air conditioning supply 108.0 108.1 108.3 na
Water supply; sewerage, waste management and remediation act. 107.9 108.0 108.1 na
Construction 110.1 110.2 110.3 na
Wholesale and retail trade; repair of motor vehicles and motorcycles 110.2 110.2 110.3 na
Transportation and storage 108.1 108.1 108.2 na
Accommodation and food service activities 111.3 111.3 111.3 na
Information and communication 113.1 113.3 113.4 na
Financial and insurance activities 112.4 112.6 112.8 na
Real estate activities 116.3 116.7 117.0 na
Professional, scientific and technical activities 110.6 110.7 110.9 na
Administrative and support service activities 114.8 114.8 114.7 na
  • na = not available Sources: ACOSS, DARES, INSEE
  • Scope: non-agricultural market sector excluding household services

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
Oct. 2015 Nov. 2015 Dec. 2015
Mechanical and electrical industries 98.3 98.3 98.3
Mining and quarrying 97.5 97.5 97.5
Manufacturing 97.9 97.9 97.9
Electricity, gas, steam and air conditioning supply 98.6 98.6 98.6
Water supply; sewerage, waste management and remediation act. 97.5 97.5 97.5
Construction 97.3 97.3 97.3
Wholesale and retail trade; repair of motor vehicles and motorcycles 97.3 97.3 97.3
Transportation and storage 96.5 96.5 96.5
Accommodation and food service activities 96.5 96.5 96.5
Information and communication 99.0 99.0 99.0
Financial and insurance activities 99.1 99.1 99.1
Real estate activities 98.5 98.5 98.5
Professional, scientific and technical activities 98.7 98.7 98.7
Administrative and support service activities 95.9 95.9 95.9
  • Scope: non-agricultural market sector excluding household services
  • Sources: ACOSS, DARES, INSEE