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/en/arbeid-og-lonn/statistikker/lonnfinans/aar
90429
Average monthly earnings up 0.4 per cent
statistikk
2012-11-15T10:00:00.000Z
Labour market and earnings
en
lonnfinans, Earnings in financial services, banking, insurance, financial servicesEarnings and labour costs, Labour market and earnings
false

Earnings in financial services, 1 September 2012

The 2015 wage statistics for all industrial sections and various areas in the public sector will be released collectively on 3 March 2016 in the statistics Earnings of all employees.

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Average monthly earnings up 0.4 per cent

Average monthly earnings for full-time employees in financial intermediation, excluding overtime, were NOK 54 400 as per 1 September 2012. This was a year-on-year increase of NOK 200, equivalent to 0.4 per cent.

Financial intermediation includes two divisions; monetary and insurance intermediation and other financial intermediation. Average monthly earnings in other financial intermediation amounted to NOK 64 600, which is 3.6 per cent less than the year before. In contrast, employees in monetary and insurance intermediation earned NOK 51 100; NOK 1 400 more than in 2011, which is an increase of 2.8 per cent.

Average basic salary for financial intermediation reveals a growth of 4.1 per cent. The wage level for monetary and insurance intermediation and other financial intermediation was NOK 46 600 and NOK 55 100 respectively in 2012, which equals 4.5 and 3.2 per cent growth.

About the statistical basis

The statistics are based on information from a sample of enterprises covering a total of 39 125 full-time employees and 3 933 part-time employees. According to the Norwegian Central Register of Enterprises and Establishments as per September 2012, financial intermediation comprises 46 100 employees in total.

The term average monthly earnings is the main term in Statistics Norway's wage statistics. Monthly earnings cover basic salaries, variable additional allowances and bonuses. Payment for overtime work is not included, but is presented in the statistics separately. Basic salary for financial intermediation is measured as per 1 September, while bonuses, variable additional allowances and payment for overtime work are calculated from the annual sum as a monthly average.

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