The revised index of hourly labour cost - all employees (ICHTrev-TS); a cost index and an index of employer contributionsHourly labour cost index - 1st Quarter 2016

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. In overseas departments only, the exoneration rate rose to 7.5% on January 1st 2015 then to 9% on January 1st 2016. Since the ICHTrev-TS is an index smoothed over a four-quarter period, the effect of an increase in the CICE rate on the change in the index is spread over the whole year.

tableauCang – ICHTrev-TS - Labour costs

base 100 in Dec. 2008
ICHTrev-TS - Labour costs
Jan. 2016 Feb. 2016 Mar. 2016 Apr. 2016
Mechanical and electrical industries 116.3 116.6 116.8 117.1
Mining and quarrying 115.1 115.2 115.3 na
Manufacturing 114.8 115.1 115.3 na
Electricity, gas, steam and air conditioning supply 108.4 108.6 108.8 na
Water supply; sewerage, waste management and remediation act. 108.2 108.3 108.5 na
Construction 110.7 111.0 111.3 na
Wholesale and retail trade; repair of motor vehicles and motorcycles 110.5 110.8 111.0 na
Transportation and storage 108.3 108.4 108.5 na
Accommodation and food service activities 111.5 111.7 111.9 na
Information and communication 113.6 113.8 114.0 na
Financial and insurance activities 113.2 113.6 113.9 na
Real estate activities 117.5 117.9 118.4 na
Professional, scientific and technical activities 111.2 111.4 111.7 na
Administrative and support service activities 114.8 114.9 115.0 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
Jan. 2016 Feb. 2016 Mar. 2016
Mechanical and electrical industries 98.4 98.4 98.4
Mining and quarrying 97.6 97.6 97.6
Manufacturing 98.0 98.0 98.0
Electricity, gas, steam and air conditioning supply 98.7 98.7 98.7
Water supply; sewerage, waste management and remediation act. 97.6 97.6 97.6
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 96.6 96.6 96.6
Accommodation and food service activities 96.6 96.6 96.6
Information and communication 99.1 99.1 99.1
Financial and insurance activities 99.2 99.2 99.2
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 96.1 96.1 96.1
  • Scope: non-agricultural market sector excluding household services
  • Sources: ACOSS, DARES, INSEE