WCI Industry total - Price Index (Euro/ton)
Wage - Overview
The wage price index (WPI) is a price index that measures changes over time in wages and salaries for employee jobs. This index calculation excluded the factors like quantity or quality of work, changes in characteristics of employees (e.g. work performance).
About wages
Employees typically see their paychecks broken down into two parts, the wages, and benefits. Wages track the amount employers pay in salaries and hourly labour, and benefits include a combination of health insurance, retirement plans, paid time-offs.
Employers use the index to evaluate the labour market and the number of raises they can doll out each quarter.
How can we help?
The Prognos System gathers data from multiple sources to give you up to data in one place. Access the base wage price index charts and cost data you need to stay up to date and gain unique insights into wage indices, prices, forecasts, and trends. Prepare your fact-based negotiations with Prognos to get the most out of your suppliers, with data tailored for your specific situation.
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Erik Lehman
Business Developer, New Customer Contact