9 January 2017
2017- n° 4The revised index of hourly labour cost - all employees (ICHTrev-TS); a cost index
and an index of employer contributions Hourly labour cost index - third 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 1st January 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 1st January 2014, the rate of exoneration of the CICE increased from 4% to 6% of wages lower than 2.5 minimum wages. In the overseas departments only, the exoneration rate rose to 7.5% on 1st January 2015 then to 9% on 1st January 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.
tableauTable1 – ICHTrev-TS - Labour cost
Jul. 2016 | Aug. 2016 | Sept. 2016 | Oct. 2016 | |
---|---|---|---|---|
Mechanical and electrical industries | 117.7 | 117.9 | 118.0 | 118.1 |
Mining and quarrying | 113.9 | 114.0 | 114.1 | na |
Manufacturing | 115.9 | 116.0 | 116.1 | na |
Electricity, gas, steam and air conditioning supply | 109.9 | 110.2 | 110.4 | na |
Water supply; sewerage, waste management and remediation act. | 108.8 | 108.9 | 109.0 | na |
Construction | 112.2 | 112.4 | 112.7 | na |
Wholesale and retail trade; repair of motor vehicles and motorcycles | 111.6 | 111.7 | 111.8 | na |
Transportation and storage | 108.9 | 109.0 | 109.1 | na |
Accommodation and food service activities | 112.0 | 112.0 | 112.0 | na |
Information and communication | 114.7 | 114.9 | 115.1 | na |
Financial and insurance activities | 114.7 | 114.8 | 114.9 | na |
Real estate activities | 119.6 | 119.9 | 120.2 | na |
Professional, scientific and technical activities | 112.4 | 112.6 | 112.7 | na |
Administrative and support service activities | 115.1 | 115.1 | 115.1 | na |
- na = not available
- Scope: non-agricultural market sector excluding household services
- 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.
tableauTable2 – ICHTrev-TS - Employer contributions
Jul. 2016 | Aug. 2016 | Sept. 2016 | |
---|---|---|---|
Mechanical and electrical industries | 98.3 | 98.3 | 98.3 |
Mining and quarrying | 97.4 | 97.4 | 97.4 |
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. | 97.4 | 97.4 | 97.4 |
Construction | 97.9 | 97.9 | 97.9 |
Wholesale and retail trade; repair of motor vehicles and motorcycles | 97.5 | 97.5 | 97.5 |
Transportation and storage | 96.5 | 96.5 | 96.5 |
Accommodation and food service activities | 96.7 | 96.7 | 96.7 |
Information and communication | 98.9 | 98.9 | 98.9 |
Financial and insurance activities | 99.0 | 99.0 | 99.0 |
Real estate activities | 98.7 | 98.7 | 98.7 |
Professional, scientific and technical activities | 98.7 | 98.7 | 98.7 |
Administrative and support service activities | 96.2 | 96.2 | 96.2 |
- Scope: non-agricultural market sector excluding household services
- Sources: ACOSS, DARES, INSEE
Pour en savoir plus
Time series : Labour cost - Hourly labour cost index