9
FRIDAY, NOVEMBER 25, 1988
JUNE NOMINAL SALARY INDICES RELEASED
* * *
INDEX
(A), MEASURING
CHANGES
IN
AT
THE OVERALL NOMINAL SALARY
PROFESSIONAL EMPLOYERS, AVERAGE SALARY LEVELS FOR MANAGERIAL AND 165.5 IN JUNE 1988, WAS 12.9 PER CENT HIGHER THAN IN JUNE 1987.
THIS WAS THE FINDING OF THE SURVEY BENEFITS (MANAGERIAL AND PROFESSIONAL MANAGEMENT) RELEASED TODAY DEPARTMENT.
(FRIDAY)
OF SALARIES AND EMPLOYEE EMPLOYEES
EXCLUDING TOP
BY THE
-
CENSUS
AND
STATISTICS
WHICH MEASURES CHANGES MANAGERIAL AND PROFESSIONAL
THE OVERALL NOMINAL SALARY INDEX (B), IN AVERAGE SALARY LEVELS ONLY FOR THOSE EMPLOYEES WHO REMAINED IN THE SAME JOB AND IN THE SAME COMPANY IN BOTH REPRESENTING AN INCREASE OF 1987 AND 1988, WAS 191.1 IN JUNE 1988, 17.2 PER CENT AS COMPARED WITH JUNE 1987.
THE
HIGHER
THE RATE OF INCREASE IN THE SALARY INDEX (B) IS USUALLY
(A) BECAUSE
SALARY INDEX (A) SALARY INDEX THAN THAT IN THE INCLUDES THE SALARIES OF NEWLY RECRUITED AND NEWLY PROMOTED EMPLOYEES, THAN THOSE ALREADY WHO TEND TO BE PAID COMPARATIVELY LOWER SALARIES IN THE SAME RANK.
THESE SALARY INDICES USED JUNE 1983 AS THE BASE PERIOD.
FOR
PER
AS
BY 9.0
CENT. PER
INDEX (A) BETWEEN JUNE 1987 AND JUNE 1988, THE NOMINAL SALARY
FOR CENT AND THAT INCREASED LARGE COMPANIES
THE REGARDS
NOMINAL MEDIUM-SIZED COMPANIES BY 13.9
CENT AND SALARY INDEX (B), THE CORRESPONDING INCREASES WERE 14.8 PER 17.7 PER CENT RESPECTIVELY.
THE TWO THESE DIFFERENCES IN SALARY INCREASES AS REFLECTED IN
LABOUR TURNOVER OVER THE INDICES WERE LARGELY DUE TO THE EFFECT OF PERIOD CONCERNED.
FOR DEFINITIONS OF LARGE SEE THE FOOTNOTE TO TABLE 1.
AND
COMPANIES, MEDIUM-SIZED
PLEASE
(B) FOR
OF COMPANY
THE NOMINAL SALARY INDEX (A) AND NOMINAL SALARY INLEX JUNE 1988 FOR THE MAJOR ECONOMIC SECTORS ANALYSED BY SIZE ARE SHOWN IN TABLE 1 AND TABLE 2 BELOW.
SALARY INDICES
BY
THE HANC SENC NOMINAL BY DEFLATING THE
MEASURE CONSUMER PRICE INDEX, THE REAL SALARY INDICES ARE OBTAINED TO CHANGES IN THE PURCHASING POWER OF THE AMOUNT OF MONEY EARNED.
1988,
THE OVERALL REAL SALARY INDEX (A) STOOD AT 119.9 IN JUNE REPRESENTING AN INCREASE OF 4.1 PER CENT WHEN COMPARED WITH JUNE 1987.
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