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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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