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Updating Project Wages Index (IR) Labour Cost Index (ICMO) OECD meeting Santiago, July 2009.

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Presentation on theme: "Updating Project Wages Index (IR) Labour Cost Index (ICMO) OECD meeting Santiago, July 2009."— Presentation transcript:

1 Updating Project Wages Index (IR) Labour Cost Index (ICMO) OECD meeting Santiago, July 2009

2 I. Current Indicators Indices – Average of Wages and Labour Costs Objetive: Measure the evolution of monthly payments for regular hours worked and labour costs (total hours) within companies Weights Period: Structural Survey year 2003 Basis of Indices: Month January 2006 = 100 Population Goal: Independent Workers, ISIC.Rev.3 [ C  O ] Publication: 38 days after the end of the baseline period Monthly Available Series: IR – ICMO General IR – ICMO by Occupational Group (9 Groups ISCO 88) IR – ICMO by Economic Activity ( 13 Groups ISIC.Rev.3) IR – ICMO by Firm Size (3 Groups, by sales level) Wages and General Average Costs Wages and Average Costs (Others disaggregations annualy only)

3 2.1 Changes and innovations STRUCTURAL SURVEY 2007 Estimate the structure and weights by gender, economic activity, occupational group and firm size II. Indicators Update Females Permanent Staff (open ended contract) Fixed Term Contract Temporary Staff Outsourcing 1.- N° of workers / Minimum Wage 2.- Wages Amount and Labour Costs $ 3.- Legal deductions Amount $ 4.- N° of paid hours 5.- N° of workers 6.- Gross Amount of Fees $ 7.- N° of workers Gender Type of ContractDisaggregations by Occupational Group Males Have a framework for study and analysis:

4 II. Indicators Update 2.2 Changes and innovations of SHORT-TERM SURVEY Use the Base Year 2009 = 100 Improve the scope and representativity by Economic activity (reduce the current error margins) Representativity at gender level Imputation Methods / Validation Administrative sources for Agricultural and Fishing Results and deployment of the indicators 2009 2010 Results Structural Survey Diffusion of Report SeptemberJune Indicators test period Splice Dissemination of Indicators March

5 Overtime per Worker Regular Hours per Worker Total Labour CostsGeneral Taxable WageGeneral Number of Workers (Formal Employment) General Economic Activity Occupational Group Company Size Gender III. Summary of New Indicators Wages and labour Costs General (WI Nominal and Real) Economic Activity Occupational Group Company Size Gender INDICATOR TYPE INDICES MONTHLY General Economic Activity Occupational Group Economic Activity Occupational Group Company Size Gender General MONTHLY Economic Activity Occupational Group Company Size Gender ANNUAL ESTIMATES General Economic Activity Occupational Group General Economic Activity Occupational Group

6 Subjects Under Study 2009 1.Conformation Annual Base 2.Transition 3.Representativity of the disaggregations 4.Employment Index Approach (distinguishing with Current Employment Survey - ENE) 5.Administrative Records Analysis for Agricultural and Fishing

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8 General indices Male GENDER Female ACTIVITY ISIC.cl Category OCCUPATIONAL GROUP ISCO 88 SIZE SALES C. Minning D. Industry E. Electricity, Gas and Water J. Financial Services F. Construction G. Commerce H. Hotels and Restaurants I. Transport y Comunication K. Business Services L. Government Agencies M. Education N. Health O. Other services 1. LEGISLATORS, SENIOR OFFICIALS AND MANAGERS 2. PROFESSIONALS 3. TECHNICIANS AND ASSOCIATE PROFESSIONALS 4. CLERKS 7. CRAFT AND RELATED TRADES WORKERS 8. PLANT AND MACHINE OPERATORS AND ASSEMBLERS 9. ELEMENTARY OCCUPATIONS 1.Large > 100.000 2. Medium 25.000 to 100.000 3. Small < 24.999 5.1. PERSONAL AND PROTECTIVE SERVICES WORKERS 5.2. MODELS, SALESPERSONS AND DEMONSTRATORS


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