Nominal labor cost index (base 2016=100)
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Measures the nominal development of Labour Costs per total hour (base year 2016=100).

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Survey of Earnings and Labour Costs.

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National Statistics Institute of Chile.

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Methodological Manual of the Earnings Index and the Labour Costs Index (Base 2016=100).

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Monthly.

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Survey of companies

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Base annual average 2016 = 100.

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Monthly.

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Month previous to the collection of data.

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Index base year 2016=100 and percentage variations.

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See Methodological Manual of the Earnings Index and the Labour Costs Index (Base 2016=100).

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National

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Formal companies that employ five or more workers. The companies must have registered their initiation of independent activities (i.e., they must have a tax identification number (RUT)), have their own accounting, and carry out their activities within the borders of the country. Some companies are excluded because of their economic sector or class.

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Economic sectors classified according to CIIU4.CL 2012 except for the following sectors: Agriculture, forestry, and fishing (A), Other Service Activities (S), Activities of households as employers (T), and Activities of extraterritorial organizations and bodies (U); and the following classes: Defense activities ((O) 8422) and Public order and safety activities ((O) 8423).

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Formal companies that employ five or more workers. The companies must have registered their initiation of independent activities (i.e., they must have a tax identification number (RUT)), have their own accounting, and carry out their activities within the borders of the country. Some companies are excluded because of their economic sector or class.

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Measures the nominal development of labour costs per total hour. It should be noted that certain sections do not form part of the target population and that the indicator is only representative of workers directly hired by companies.

Nominal labor cost index (base 2016=100)Abstract

Measures the nominal development of Labour Costs per total hour (base year 2016=100).

Contact person/organisation

Department of Labour Studies - National Statistics Institute. Contract: Subdepartment of Citizen Information

Citizen Informationmailto:ine@ine.cl
Data source(s) used

Survey of companies

Name of collection/source

Survey of Earnings and Labour Costs.

Direct source

National Statistics Institute of Chile.

Source Periodicity

Monthly.

Source metadata

Methodological Manual of the Earnings Index and the Labour Costs Index (Base 2016=100).

IR-ICMO Websitehttp://www.ine.cl/estadisticas/laborales/ir-icmo?len=en
Unit of measure used

Index base year 2016=100 and percentage variations.

Variables collected

See Methodological Manual of the Earnings Index and the Labour Costs Index (Base 2016=100).

IR-ICMO Websitehttp://www.ine.cl/estadisticas/laborales/ir-icmo?len=en
Periodicity

Monthly.

Reference period

Month previous to the collection of data.

Base period

Base annual average 2016 = 100.

Link to Release calendar

Information found on the INE.Stat platform is updated 48 hours after official publication.

Statistical Agendahttp://www.ine.cl/inicio/agendaestadistica?len=en
Statistical population

Formal companies that employ five or more workers. The companies must have registered their initiation of independent activities (i.e., they must have a tax identification number (RUT)), have their own accounting, and carry out their activities within the borders of the country. Some companies are excluded because of their economic sector or class.

Geographic coverage

National

Sector coverage

Economic sectors classified according to CIIU4.CL 2012 except for the following sectors: Agriculture, forestry, and fishing (A), Other Service Activities (S), Activities of households as employers (T), and Activities of extraterritorial organizations and bodies (U); and the following classes: Defense activities ((O) 8422) and Public order and safety activities ((O) 8423).

Population coverage

Formal companies that employ five or more workers. The companies must have registered their initiation of independent activities (i.e., they must have a tax identification number (RUT)), have their own accounting, and carry out their activities within the borders of the country. Some companies are excluded because of their economic sector or class.

Key statistical concept

Labour cost, total hours.

Classification(s) used

Economic section: CIIU4.CL 2012 and Occupational group: ISCO-88.

Aggregation & consolidation

1) International classification CIIU4.CL 2012: 17 economic sections. 2) Size of companies by number of workers: small, from 5 to 49 workers; medium-size, 50 to 199 workers; and large, 200 or more workers. 3) Occupational Group ISCO-88: 9 occupational groups.

Estimation

Laspeyres index calculated on the basis of labour costs per total hour, aggregated through two geometric means.

IR-ICMO Websitehttp://www.ine.cl/estadisticas/laborales/ir-icmo?len=en
Index type

Laspeyres Index.

Weights

Weights obtained from the Structural Survey of Earnings and Costs of Labor 2014.

Dissemination format(s)

IR-ICMO Websitehttp://www.ine.cl/estadisticas/laborales/ir-icmo?len=enRecommended uses and limitations

Measures the nominal development of labour costs per total hour. It should be noted that certain sections do not form part of the target population and that the indicator is only representative of workers directly hired by companies.