Updating Project Wages Index (IR)

Labour Cost Index (ICMO)

OECD meetingSantiago, July 2009

I. Current IndicatorsI. Current IndicatorsIndices – 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)

2.1 Changes and innovations STRUCTURAL SURVEY 2007

Estimate the structure and weights by gender, economic activity, occupational group and firm size

II. Indicators UpdateII. 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 Contract Disaggregations by Occupational Group

Males

Have a framework for study and analysis:

II. Indicators UpdateII. Indicators Update2.2 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

Overtime per Worker

Regular Hours per Worker

Total Labour Costs •General

Taxable Wage •General

Number of Workers (Formal

Employment)

•General•Economic Activity•Occupational Group•Company Size•Gender

III. Summary of New IndicatorsIII. 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

•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

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

Firms C.V.

1231 5,8C Minning 61 3,6D Manufacturing 118 25,0E Electricity, Gas and Water 30 6,0F Construction 86 19,7G Commerce 132 26,7H Hotels and Restaurants 82 6,6I Transport and Telecomunications 136 12,3J Financial Intermediation 45 7,6K Business Services 89 17,7L Government Agencies 106 8,3M Education 123 12,0N Health 163 9,8O Other Services 60 12,5

TOTAL

CATEGORY GLOSSCURRENT SAMPLE

General indices

Male

GENDER

Female

ACTIVITYISIC.cl Category

OCCUPATIONAL GROUPISCO 88

SIZESALES

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. Medium25.000 to 100.000

3. Small< 24.999

5.1. PERSONAL AND PROTECTIVE SERVICES WORKERS

5.2. MODELS, SALESPERSONS AND DEMONSTRATORS