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Compensation of Employees

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An increase in Compensation of Employees by 2.7% in Q1 2022

Table 7.1 Compensation of Employees by Nace Rev. 2 A10 Sector of Origin, Q1 20221
 Amount €mQuarterly % change
Public Admin, Education and Health8,5522.7
Distribution, Transport, Hotels and Restaurants5,4483.3
Professional, Admin and Support Services4,2354.7
Industry (excl. Construction)4,1663.5
Information and Communication2,8771.8
Financial and Insurance Activities2,3730.7
Arts, Entertainment and Other Services603-0.1
Real Estate Activities2674.0
Agriculture, Forestry and Fishing219-2.7
1Current Market Prices, seasonally adjusted.

First quarter of 2022 sees Compensation of Employees increase by 15.4% compared to corresponding period of previous year following some easing of restrictions. All sectors experienced growth this quarter compared to corresponding period of previous year. Largest increase seen in Arts, Entertainment and Other Services (39.4%), Construction (34.1%) and Distribution, Transport, Hotels and Restaurants (24.2%).

Column1Q1 2022Q4 2021
Public Admin, Education & Health8.55234945125288.32846817901193
Distribution, Transport, Hotels & Restaurants5.448422535968395.27528953209415
Professional, Admin & Support Services4.234588398204194.04579141997233
Industry (excl. Construction)4.165556643923934.02514452861494
Information & Communication2.877034383988922.82629550855237
Financial & Insurance Activities2.372996101214172.35631792799855
Arts, Entertainment & Other Services0.6030975403267360.603495506821887
Real Estate Activities0.2674347817564860.257144637034645
Agriculture, Forestry & Fishing0.2187180473490230.22483210746639

On a seasonally adjusted basis, total Compensation of Employees increased by 2.7% compared to the previous quarter. Most sectors experienced an increase this quarter compared to the pervious. Largest increase in growth quarter on quarter can be seen in Professional, Admin and Support Services (4.7%), Real Estate Activities (4%) and Industry (excl. Construction) (3.5%). Agriculture Forestry and Fishing decreased by 2.7% this quarter compared to the pervious.

Column1Q1 2022Q1 2021
Agriculture, Forestry & Fishing1.5700126.467394
Industry (excl. Construction)19.155805109.592464
Distribution, Transport, Hotels & Restaurants377.649057451.539243
Information & Communication9.05535125.223442
Financial & Insurance Activities11.13618918.663311
Real Estate Activities7.64496914.389577
Professional, Admin & Support Services46.648751139.981718
Public Admin, Education & Health73.615463123.614823
Arts, Entertainment & Other Services58.70519764.578532
Column1Q1 2022
Arts, Entertainment & Other Services9.85839137101367
Distribution, Transport, Hotels & Restaurants7.26207326622884
Real Estate Activities2.74923825742985
Professional, Admin & Support Services1.0801187248185
Public Admin, Education & Health0.875914378614033
Agriculture Forestry & Fishing0.702023828009018
Industry (excl. Construction)0.452359916338814
Financial & Insurance Activities0.41918691921353
Information & Communication0.308129720656129

A decrease in total Employment Wage Subsidy in Q1 2022 compared to the previous quarter. Distribution, Transport, Hotels and Restaurants receives the largest amount of EWSS payments.

Employment Wage Subsidy Scheme payments make up just over 2% of total Compensation of Employees this quarter. The Arts, Entertainment and Other Services sector EWSS payments as a percentage of Compensation of Employees sees a decrease this quarter, from to 16.6% down to 9.9%.

The Employment Wage Subsidy Scheme replaced the Temporary Wage Subsidy Scheme from 1 September 2020. More information on the Employment Wage Subsidy Scheme is available on the website.

Show Table: Table 7.2 Compensation of Employees1 by Nace Rev. 2 A10 Sector2 of Origin at Current Market Prices

Show Table: Table 7.3 Compensation of Employees1 by Nace Rev. 2 A10 Sector2 of Origin at Current Market Prices - Seasonally Adjusted

Show Table: Table 7.4 Employment Wage Subsidy Scheme by Nace Rev. 2 A101 Sector of Origin at Current Market Prices

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