Labor and Wage Commodity Coverage

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Accurate wage rate forecasts, labor supply and productivity across more than 50 countries.

Do your strategic manufacturing or sourcing plans factor in labor market conditions such as wage rates, labor supply and productivity?

For over 40 years, our team has assisted the purchasing community with critical data, expert insight and proven forecasting models on the world’s labor markets and the key factors that drive them. our Labor and wage rate coverage provides long-term forecasts for manufacturing wages, construction and mining wages, industry-specific wage rates, skilled versus unskilled occupations, productivity, exchange rates and more.

Strategic planners, procurement officers and cost estimators leverage this service to:

Access more accurate compensation estimates than broad inflation rates or historical trends
Determine future labor market conditions by country
Benchmark labor costs by industry and occupation
Make strategic sourcing decisions
Control costs and maintain an adequate labor supply over the life of a project or operations
Anticipate wage trends and their key drivers

Wage outlook for North America in response to economic uncertainties What's next?

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What's Included

Industry Analysis

Understand costs and empower negotiations with:

Weekly Pricing Pulse – An overview of historic price movements for 10 key industrial materials indexes
Examination of global wage trends with particular focus on North America, Europe and Asia
Explanation of benefits, productivity and impact on overall compensation
Detailed compensation tables: 10-year forecasts for manufacturing and construction wages

Forecast Horizon & Updates

10-year outlook for labor costs, including total labor rates, manufacturing wages, construction wages, skilled versus unskilled occupations, and various other industry wage rates. Forecasts are quarterly and annual and updated quarterly or semi-annually.

Country Coverage

Labor Analysis

The Burden Wage Calculator

The US Burdened Wage Calculator estimates fully burdened wages for over 400 US industries including the manufacturing and service sectors. This tool combines the latest price and wage forecasts from P&P with data from the US Census of Manufacturers to produce a time series of wrap rates as well as fully burdened wages. Using the calculator, users can customize industry wrap rates by state and occupation providing more insight into detailed industry labor and associated overhead costs.

Additional Modules

Global Construction Compensation Module

The Global Construction Compensation module provides hourly base-wage figures for the construction and mining industry including unskilled, skilled, engineer, and project manager occupations in the construction industry. The study surveys 38 different countries as well as regional detail in Australia, Brazil, Canada, China, Russia, and the United States. This study allows for a cross country comparison of wage levels and escalation to aid in project and operations cost analysis. Hourly figures are reported as an annual average. This study is updated on a semi-annual frequency.

Global Manufacturing Compensation Module

The Global Manufacturing Compensation module provides hourly base-wage and hourly compensation figures for the total economy and the manufacturing sector. The study surveys 54 different countries as well as regional detail in China, Mexico, and the United States. This study allows for a cross country comparison of wage levels and escalation to aid in strategic sourcing decisions. Hourly figures are reported as an annual average. This study is updated on a semi-annual frequency.

Delivery Platform

Discover the power of Connect®

Customize the landing page to display relevant market reports, saved items, and the most recent industry analysis
Easily navigate market reports, industry analysis, and publications to find the insights you need quickly
Leverage Cost Analyzer to search, select, and manipulate data across forecast and historical price series, production cost models, and alloy cost models
Review the latest prices in our Material Price Table
Access in one click your saved workbooks, dashboards, and charts
Enhance analysis through improved search, dynamic charting, easily accessible data

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Labor and Wage Commodity Coverage

Accurate wage rate forecasts, labor supply and productivity across more than 50 countries.

What's Included