6345.0 - Labour Price Index, Australia, Sep 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/11/2004   
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Annual and public holiday leave index


Measures changes in the price of annual and public holiday leave (see Explanatory Notes paragraph 14).


Bonuses


Payments made to a job occupant that are in addition to regular wages and salaries and which generally relate to the job occupant’s, or the organisation’s performance.


Elementary aggregates


The finest aggregations of jobs, in terms of state/territory, sector, industry group and occupation group, for which expenditure weights are available.


Employee job


A job for which the occupant receives remuneration in wages, salary, payment in kind, or piece rates.


Employer


Organisation with one or more employees.


Expenditure weights


A measure of the relative importance of each elementary aggregate, based on employers’ total expenditure on the LPI component being considered (e.g. wages and salaries, superannuation, etc.). Expenditure weights are used to combine elementary aggregate indexes into broader level indexes.


Index number


Measures the ratio of the price of labour between the commencement of the index series and a later period.


Industry


Classified according to the Australian and New Zealand Standard Industrial Classification (ANZSIC), 1993 (cat. no. 1292.0).


Labour price index


Measures changes in the price of labour. Includes wages and salaries, overtime, bonuses (only in the labour price including bonuses index), annual and public holiday leave, superannuation, payroll tax and workers' compensation (see Explanatory Notes paragraph 18).


Occupation


Classified according to the Australian Standard Classification of Occupations (ASCO), Second Edition (cat. no. 1220.0).


Ordinary time hourly rates of pay index


Measures quarterly change in ordinary time hourly rates of pay (see Explanatory Notes paragraphs 9 and 10).


Ordinary time hours


Award, standard or agreed hours of work paid for at the ordinary rate.


Overtime hours


The number of hours paid for in excess of ordinary time hours, based on the data for the first quarter a selected job is included in the survey.


Payroll tax index


Measures changes in the price of payroll tax (see Explanatory Notes paragraph 16).


Reference base period


The period for which an index series is given the value of 100.0. The current reference base for the LPI is the 2003-04 financial year.


Sector


Public sector comprises local government authorities and all government departments and agencies created by, or reporting to, the Commonwealth, or state/territory parliaments. The private sector comprises all organisations not classified as public sector.


Seasonal Adjustment


Process of removing systematic calendar related effects from the original series (see Explanatory Notes paragraphs 35-37).


Superannuation index


Measures changes in the price of superannuation (see Explanatory Notes paragraph 15).


Total hourly rates of pay index


Measures quarterly change in combined ordinary time and overtime hourly rates of pay (see Explanatory Notes paragraph 12).


Trend


A measure of the underlying direction of a series. (see Explanatory Notes paragraph 38).


Weighting base


The period to which the expenditure weights relate.


Workers' Compensation index


Measures changes in the price of workers' compensation (see Explanatory Notes paragraph 16).