10 January 2019
2019- n° 4The all employees-revised index of hourly labour cost - (ICHTrev-TS); both a cost
index and an index of employer contributions Hourly labour cost index - third quarter 2018
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 tax credit for encouraging competitiveness and jobs (CICE) has been included in the computation of the ICHTrev-TS as a subsidy received by employers since its implementation on 1st January 2013. On 1st January 2018, the CICE rate decreased from 7% to 6% for wages lower than 2.5 minimum wage in metropolitan France. The rate remains at 9% in overseas departments. Since the ICHTrev-TS is an index smoothed over a four-quarter period, the impact of an increase in the CICE rate on the change in the index is spread over the whole year.
Erratum January 14, 2019 : this issue of « Informations Rapides » supersedes the previous on published on January 10 at 12 am, the numbers on the work cost in the first table have been fixed.
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.
The tax credit for encouraging competitiveness and jobs (CICE) has been included in the computation of the ICHTrev-TS as a subsidy received by employers since its implementation on 1st January 2013. On 1st January 2018, the CICE rate decreased from 7% to 6% for wages lower than 2.5 minimum wage in metropolitan France. The rate remains at 9% in overseas departments. Since the ICHTrev-TS is an index smoothed over a four-quarter period, the impact of an increase in the CICE rate on the change in the index is spread over the whole year.
tableaufigure1 – ICHTrev-TS – Cost
Jul. 2018 | Aug. 2018 | Sep. 2018 | Oct. 2018 | |
---|---|---|---|---|
Mechanical and electrical industries | 122.0 | 122.2 | 122.5 | 122.7 |
Mining and quarrying | 120.5 | 120.9 | 121.4 | na |
Manufacturing | 119.6 | 119.9 | 120.1 | na |
Electricity, gas, steam and air conditioning supply | 115.9 | 116.1 | 116.3 | na |
Water supply; sewerage, waste management and remediation activities | 112.4 | 112.7 | 112.9 | na |
Construction | 117.8 | 118.1 | 118.4 | na |
Wholesale and retail trade; repair of motor vehicles and motorcycles | 115.2 | 115.5 | 115.8 | na |
Transportation and storage | 111.2 | 111.4 | 111.7 | na |
Accommodation and food service activities | 115.0 | 115.4 | 115.7 | na |
Information and communication | 119.9 | 120.2 | 120.5 | na |
Financial and insurance activities | 119.6 | 119.9 | 120.1 | na |
Real estate activities | 128.6 | 129.0 | 129.3 | na |
Professional, scientific and technical activities | 116.8 | 117.1 | 117.4 | na |
Administrative and support service activities | 117.6 | 117.9 | 118.2 | na |
- na: not available
- Scope: non-agricultural market sector excluding services to households
- Sources : Acoss, Dares, Insee
Index of employer contributions
The index of employer contributions has been published since April 2010 (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.
tableaufigure2 – ICHTrev-TS - Employer contributions
Jul. 2018 | Aug. 2018 | Sep. 2018 | |
---|---|---|---|
Mechanical and electrical industries | 98.1 | 98.1 | 98.1 |
Mining and quarrying | 97.4 | 97.4 | 97.4 |
Manufacturing | 97.7 | 97.7 | 97.7 |
Electricity, gas, steam and air conditioning supply | 98.4 | 98.4 | 98.4 |
Water supply; sewerage, waste management and remediation activities | 97.2 | 97.2 | 97.2 |
Construction | 98.3 | 98.3 | 98.3 |
Wholesale and retail trade; repair of motor vehicles and motorcycles | 97.4 | 97.4 | 97.4 |
Transportation and storage | 96.1 | 96.1 | 96.1 |
Accommodation and food service activities | 96.9 | 96.9 | 96.9 |
Information and communication | 98.7 | 98.7 | 98.7 |
Financial and insurance activities | 98.8 | 98.8 | 98.8 |
Real estate activities | 98.9 | 98.9 | 98.9 |
Professional, scientific and technical activities | 98.5 | 98.5 | 98.5 |
Administrative and support service activities | 95.9 | 95.9 | 95.9 |
- Scope: non-agricultural market sector excluding services to households
- Sources : Acoss, Dares, Insee
Documentation
Abbreviated methodology (2017) (pdf,152 Ko)
Pour en savoir plus
Time series : Labour cost - Hourly labour cost index