earnings Archives - Manning & Co.

Highest weekly earnings in ICT sector – CSO

Average weekly earnings in the economy grew by 3.4% in the year to the end of September, according to the Central Statistics Office. 

Average earnings in the private sector grew by 3.9% while earnings in the public sector grew by 1.3%. 

The highest average weekly earnings were in the information and communications sector at €1,255.49 followed by Financial, insurance and real estate activities at €1,078.43.

The lowest average weekly earnings was in the Accommodation and food service activities at €383.75 followed by the Arts, entertainment, recreation and other service activities sector €495.31.

Wages increased across all sectors of the economy.

The largest increase was in Administrative and support services which rose by 7.2% followed by Information and communications at 6.8%. 

Article Source: Click Here

Average weekly earnings rise by 3.4% in 2018 – CSO

Average weekly earnings were €740 in 2018, an increase of 3.4% on the previous year, according to new statistics released by the Central Statistics Office. 

However, those on higher than average salaries can skew the numbers and the CSO pointed out that 63% of workers earn less than the average while 37% earn above the average. 

There are also marked differences across industry sectors. 

68.1% of those employed in the accommodation and food industry earned less than €400 per week, the CSO said. 

At the other end of the scale, 23% of those employed in information and communication sector earned more than €1,600 per week. This sector, which includes IT companies, had the highest level of earnings. 

Average annual earnings in the information and communication sector stood at €70,264 compared to accommodation and food sector which stood at €21,914.  

Men were paid an average salary of €75,484 in the information and communication sector compared to women’s earnings of €60,362. 

In the accommodation and food sector men earned €24,838 compared to women on €19,141. 

Across the country, Co Dublin recorded the highest median wage. This is the mid-point wage that half of those in employment earn.

In Dublin, that figure was €645.78 a week, 9% higher than the rest of the country and 36.5% higher than Donegal, the county with the lowest median wage of €473.12 a week. 

Article Source: Click Here

Average annual earnings rise by 3.3% to €38,871 in 2018

Average annual earnings rise by 3.3% to €38,871 in 2018

Average annual earnings increased by 3.3% to €38,871 in 2018 from €37,637 in 2017, new figures from the Central Statistics Office show.

The CSO said this compares to an annual increase of 1.9% in 2017 from €36,933 in 2016.

Today’s figures show that average annual earnings for full-time employees last year rose by 2.6% to €47,596 while the average for part-time employees were €17,651 – an increase of 3.5% on 2017.

Average annual earnings have recovered since the downturn, rising by 8.1% from €35,951 in 2013 to €38,871 in 2018.

Average annual earnings for full-time employees were up 6.5% in the five-year period from €44,709 in 2013, to €47,596 in 2018.

And average annual earnings for part-time employees increased from €15,802 in 2013, to €17,651 in 2018, an increase of 11.7%.

Meanwhile, total earnings rose to €71.5 billion in 2018, an increase of 7.4% on 2017.

The CSO said the increase was driven by a rise in the average numbers employed of 4%, a 2.8% increase in average hourly earnings and a 0.4% increase in average weekly hours worked.

The largest percentage increase in wages last year was seen in information and communication sector where average annual earnings rose from €56,758 to €61,269 – an increase of 7.9%.

Average annual earnings in the construction sector rose by 5.7%, rising from €38,391 to €40,561.

But the public administration and defence sector recorded the lowest average annual earnings growth of 1.7% in the year, with wages increasing from €48,907 to €49,724.

Today’s figures also reveal that the total cost of employing labour increased by 7.1% in 2018 with total annual labour costs reaching €82.7 billion.

Total annual labour costs have increased each year between 2013 and 2018, the CSO added.

The industry sector had the highest total annual labour costs of €12.7 billion in 2018 followed by the wholesale and retail trade sector (€10.6 billion) and the human health and social work sector (€10 billion).

The administrative and support services sector and the Arts, entertainment, recreation and other services activities sector had the lowest total annual labour costs of €3.5 billion and €1.6 billion respectively.

Article Source: Click Here