Documents Hopwood, Polly 3 results

"The Index of Labour Costs per Hour (ILCH) is a new experimental statistic which provides a timely indicator of changes in the cost of labour per hour worked to the employer. The ILCH goes beyond existing earnings indicators to include non-wage costs. The ILCH will reflect changes in wages and salaries, non-wage costs, and the quantity of hours worked over time and will assist users in monitoring inflationary pressures emanating from the labour market.This article introduces the ILCH, briefly describes the methodology used to create the ILCH, compares the ILCH with other earnings indicators and looks at future developmental work."

"Average Weekly Earnings (AWE) is a new experimental statistic to calculate the average weekly earnings for all current employees. The AWE measure is the first short term earnings indicator which is able to give a pounds and pence level of earnings. The AWE indicator enables the growth to be decomposed into an earnings and an employment element. It is also the first indicator to estimate the proportion of weekly earnings which is accounted for by bonuses and arrears.This article introduces the AWE indicator, briefly explains how it is calculated and compares it to the current earnings measure."

"The Average Weekly Earnings (AWE) indicator and the Index of Labour Costs per Hour (ILCH) are two new experimental statistics which, along with the Annual Survey of Hours and Earnings (ASHE), are the result of a substantial work programme in the United Kingdom to create an extensive series of timely, relevant statistics on all aspects of earnings. This article briefly explains what the new short-term earnings indicators measure, how they are produced and what they are used for. The article also compares the various short-term indicators and shows the relationship between the various ONS earnings statistics."