INE, the national institute of statistics in Spain, has recently reported on its quarterly survey of Spanish labour costs for Q1 2015. The main results were:
- The labour cost of companies increases 0.5% in the first quarter of 2015, as compared to the same period of the previous year, standing at 2,487.77 euros per worker per month.
- The wage cost per worker per month increases by 1.4%, standing at an average of 1,831.70 euros. In turn, other costs decrease by 1.9%, standing at an average of 655.74 euros per worker and per month.
- During the first quarter of 2015, the average agreed working day is 34.3 hours, considering together full-time and part-time. Among them, an average of 3.6 hours per week are lost, of which 2.0 are due to holiday periods.
- The labour cost per effective hour worked increases 1.2% in the annual rate, more than the wage cost per worker, as a consequence of the lower number of hours worked.
- In the quarterly rate, and considering the results adjusted for seasonal and calendar effects, the wage cost per worker increases by 0.3% and the wage cost per effective hour worked does so by 0.4%.
- Regarding the seasonally and calendar adjusted data, the wage cost per worker increases 0.3% in the first quarter of 2015, as compared to the same period of 2014, and the cost per effective hour worked increases 0.7%.
- In the first quarter of 2015, the number of vacancies was 58,707. 89.3% were registered in the Services sector.
Mark Evamy – HR Forum Collaborator