In 2023, IT consulting services providers reported the largest employee billable utilization among professional services organizations worldwide. In that year, the employee billable utilization at IT consulting organizations was approximately 72 percent.

Between 2014 and 2023, the employee billable utilization at professional services organizations worldwide fluctuated around 71 percent. In 2023, the employee billable utilization at professional services organizations worldwide stood at just over 69 percent. Employee billable utilization is the time spent on billable tasks divided by the total amount of time available to work.

Graph and download economic data for Nonfinancial Corporations Sector: Average Weekly Hours for Employees (PRS88003021) from Q1 1948 to Q3 2024 about productivity, nonfinancial, sector, average, hours, corporate, rate, and USA.

Graph and download economic data for Manufacturing Sector: Average Weekly Hours for All Workers (PRS30006021) from Q1 1988 to Q4 2024 about productivity, sector, average, hours, manufacturing, rate, and USA.

In 2023, the average revenue per employee of management consultancies worldwide was approximately 175,000 U.S. dollars per year. The average annual revenue per employee of management consultancies worldwide decreased overall between 2015 and 2023. Employee billable utilization is the time spent on billable tasks divided by the total amount of time available to work.

High revenue per employee Management consulting firms often have a high average revenue per employee compared to other industries. This is due to the high-value nature of consulting services, where firms charge premium fees for their expertise and strategic advice. The management consulting salaries for bachelor and master’s graduates at leading management consulting firms worldwide, for instance, have been considerably higher than other industries. These salaries often came in at over 100,000 U.S. dollars, whereas the average annual real wage in the United States was around 25,000 U.S. dollars less than this.

Factors than influence average revenue per employee There are several factors that influence average revenue per employee. When the employee billable utilization at professional service organizations worldwide is taken into account, management consulting came out with an average billable utilization of nearly 70 percent. Another factor is the share of projects delivered on time by management consultancies, with this figure never falling below 79 percent since 2015. As these figures have remained relatively high, consultants have been able to demand higher salaries than other industries owing to high stakes and effective nature of the work that is done.

Quarterly series on labour productivity growth and related variables have been published for the first time on December 20th, 2000. These statistical series go back to the first quarter of 1981. The data are published two months after the reference quarter. The quarterly productivity measures are meant to assist in the analysis of the short-run relationship between the fluctuations of output, employment, compensation and hours worked. This measure is fully comparable with the United States quarterly measure. The quarterly estimations of this table are limited to the overall business sector. This aggregate excludes government and non-profit institutions expenditures on primary factors as well as the output of households (including the rental value of owner-occupied dwellings). Corresponding exclusions are also made to labour compensation and hours worked to make output and labour input data consistent with one another. The real output of the business sector is constructed using a Fisher-chained index, after excluding from GDP at market prices the real gross value added of the government sector, of the non-profit institutions and of households (including the rental value of owner-occupied dwellings). This approach is similar to that used for the quarterly productivity of the business sector in the United States. The estimate of the total number of jobs covers four main categories: employee jobs, work owner of an unincorporated business, own account self-employment, and unpaid family jobs. This last category is found mainly in sectors where family firms are important (agriculture and retail trade, in particular). Jobs data are consistent with the System of National Accounts. This is the quarterly average of hours worked for jobs in all categories. The number of hours worked in all jobs is the quarterly average for all jobs times the annual average hours worked in all jobs. According to the retained definition, hours worked means the total number of hours that a person spends working, whether paid or not. In general, this includes regular and overtime hours, breaks, travel time, training in the workplace and time lost in brief work stoppages where workers remain at their posts. On the other hand, time lost due to strikes, lockouts, annual vacation, public holidays, sick leave, maternity leave or leave for personal needs are not included in total hours worked. Labour productivity is a measure of real gross domestic product (GDP) per hour worked. The ratio between total compensation for all jobs, and the number of hours worked. The term hourly compensation" is often used to refer to the total compensation per hour worked." This measures the cost of labour input required to produce one unit of output, and equals labour compensation in current dollars divided by the real output. It is often calculated as the ratio of labour compensation per hour worked and labour productivity. Unit labour cost increases when labour compensation per hour worked increases more rapidly than labour productivity. It is widely used to measure inflation pressures arising from wage growth. Unit non-labour payments are the non-labour payments associated with each unit of output of goods and services, and they are calculated as the non-labour payments divided by the real output. The implicit price deflator is equal to current-dollar output, divided by real output. The output measure is consistent with the Quarterly Income and Expenditure Accounts, prepared by the National Economic Accounts Division. Labor share is equal to the labour compensation divided by current dollar output. The output measure is consistent with the Quarterly Income and Expenditure Accounts, prepared by the National Economic Accounts Division. Current-dollar gross domestic product (GDP) in business sector equals current-dollar GDP in the economy less the gross value added of government, nonprofit institutions, households, and the rental of owner-occupied-dwellings. The output measure is consistent with the Quarterly Income and Expenditure Accounts. The total compensation for all jobs consists of all payments in cash or in kind made by domestic producers to workers for services rendered. It includes wages and salaries and employer's social contributions of employees, plus an imputed labour income for self-employed workers. Non-labour payments are the excess of current-dollar output in the business sector over corresponding labour compensation, and include non-labour costs as well as corporate profits and the profit-type income of proprietors. Non-labour costs include interest, depreciation, rent, and indirect business taxes. Unit labour cost in United States dollars is the equivalent of the ratio of Canadian unit labour cost to the exchange rate. This latter corresponds to the United States dollar value expressed in Canadian dollars.

Graph and download economic data for Nonfarm Business Sector: Labor Productivity (Output per Hour) for All Workers (OPHNFB) from Q1 1947 to Q4 2024 about per hour, output, headline figure, sector, nonfarm, business, real, persons, and USA.

Labour productivity and related measures by business sector industry and by non-commercial activity consistent with the industry accounts, provinces and territories, annual.

Graph and download economic data for Manufacturing Sector: Labor Productivity (Output per Hour) for All Workers (OPHMFG) from Q1 1987 to Q4 2024 about per hour, output, sector, manufacturing, real, persons, and USA.

During the first quarter of 2024, the real hourly compensation in the manufacturing sector in the United States increased by 2.2 percent from the previous quarter. The data are seasonally adjusted at annual rates. Labor compensation includes accrued wages and salaries, supplements, employer contributions to employee benefit plans, and taxes.

In 2024, the estimated market size of hair care services in the beauty industry in Japan amounted to approximately 1.35 trillion Japanese yen. Haircare services at beauty salons comprised the largest share among available beauty services. The total market size of beauty services in Japan amounted to approximately 2.65 trillion yen.

 Hair-related services are the main industry segment 

In Japan, four types of beauty practitioners exist, namely hairdressers, eyelash artists, nail artists, and estheticians. Hair-related services were the major segment of the industry, as evidenced by the market size figures. The dominance of the segment is also expressed through the high utilization rate of hairdressing services when compared to other beauty-related services. Over 80 percent of women use beauty parlors regularly, while men’s usage also amounts to roughly 80 percent if beauty parlor sessions and barbershop visits are added together.

 Employment  The beauty service industry is an important employer in the service industry, with over half a million people working as beauticians alone. Regarding hairdressers, the number of beauticians is on the rise, while the number of barbers is declining. The industry’s workforce is comparatively young, with the average employee age being at around 31 years, while the average years of continuous service amounted to approximately six.

In 2023, the average production value of a worker in the construction sector in China amounted to around 476 thousand yuan, an increase of almost 150 thousand yuan since 2013. In China, labor productivity had increased significantly over the past decades. Labor productivity Labor productivity describes the value a worker creates in a defined period. The output value hinges upon three factors: physical capital, new technology, and human capital. An increase in any of these three factors would increase a country’s labor productivity. An example of the new technology factor would be enhanced productivity as a result of utilizing artificial intelligence. Building more, faster The construction industry is very labor-intensive. Therefore, the employment of machinery and modern construction techniques greatly enhances productivity. As China developed, it had more resources to purchase and build machinery. In addition to that, Chinese enterprises purchase foreign companies to gain access to new construction technology. In 2016, a heavy equipment manufacturer from Changsha took over the German concrete company Putzmeister, a world leader in concrete pump manufacturing.

Graph and download economic data for Hourly Compensation for Manufacturing: Aerospace Product and Parts Manufacturing (NAICS 3364) in the United States (IPUEN3364U121000000) from 1988 to 2023 about aerospace, compensation, parts, NAICS, IP, hours, production, manufacturing, and USA.