(5)
payroll per person employed in manufacturing increased by
Salaries
5% in real terms between March 1981 and March 1982.
in the tertiary services sectors also continued to increase.
The rate of increase was most rapid
rapid in the restaurants and
hotels sector, where payroll per person engaged rose by 10% in
real terms reflecting increased demand arising from the
opening of new hotels. The upward revision in civil service
salaries on 1st April by an average of 15% represented an
increase in real terms of 1%.
4.14
The index of construction wage rates increased in
money terms by 12% during the twelve months ending June 1982 (6)
After allowing
was a slight
•
increase in real terms.
for inflation, there
(5)
(6)
Total payroll is the amount of direct cash payments that employees receive from their employers. It includes wages and salaries, overtime pay, various cash allowances, bonuses and gratuities, severance and termination pay and pay in lieu of leave, etc. In contrast to the derivation of the rate of increase in manufacturing wage rates where six-monthly averages of the Consumer Price Index (A) up to and including the month indicated are used as the deflator, the computation of the rate of increase
the rate of increase in payroll used the monthly Consumer Price Index (A) as the deflator.
Index of construction wage rates
(January 1970=100)
% change on
Index
a year ago
1980
Mar
457.4
15.4
Jun
472.1
14.3
Sep
488.8
12.8
Dec
517.4
14.9
1981
Mar
533.6
16.7
Jun
544.3
15.3
Sep
550.1
12.5
Dec
572.6
10.7
1982
Mar
598.4
12.1
Jun
611.7
12.4
34
41