Management of Companies and Enterprises: NAICS 55

About the Management of Companies and Enterprises sector

The management of companies and enterprises sector is part of the professional and business services supersector.

The Management of Companies and Enterprises sector comprises (1) establishments that hold the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing management decisions or (2) establishments (except government establishments) that administer, oversee, and manage establishments of the company or enterprise and that normally undertake the strategic or organizational planning and decision making role of the company or enterprise. Establishments that administer, oversee, and manage may hold the securities of the company or enterprise.

Establishments in this sector perform essential activities that are often undertaken, in-house, by establishments in many sectors of the economy. By consolidating the performance of these activities of the enterprise at one establishment, economies of scale are achieved.

North American Industry Classification System

The management of companies and enterprises sector consists of a single subsector, Management of Companies and Enterprises: NAICS 551. Data published under either the sector or subsector classification are included in the tables below. The subsector consists of a single industry group, Management of Companies and Enterprises: NAICS 5511.

Workforce Statistics

This section provides information relating to employment in management of companies and enterprises. These data are obtained from employer or establishment surveys. The following tables present an overview of the industry including the number of jobs, data for occupations common to the industry, and projections of occupational employment change.

Employment


Data series	Jun. 2022	Jul. 2022	Aug. 2022	Sep. 2022
Employment (in thousands)
Employment, all employees (seasonally adjusted)	2,382.2	2,394.0	(p)2,387.9	(p)2,391.6
Employment, production and nonsupervisory employees	1,525.9	1,521.1	(p)1,510.3
Footnotes (p) Preliminary

(Source: Current Employment Statistics)

Employment by Occupation


Data series	Employment, 2021
Accountants and auditors	104,760
Bookkeeping, accounting, and auditing clerks	84,410
Financial managers	80,160
First-line supervisors/managers of office and administrative support workers	57,090
General and operations managers	103,380

(Source: Occupational Employment and Wage Statistics)

Projections

For projected (future) employment estimates, see the National Employment Matrix, which includes employment estimates by industry and occupation for management of companies and enterprises.

(Source: Office of Occupational Statistics and Employment Projections)

Earnings and Hours

This section presents data on employee earnings and weekly hours. The latest industry averages of hourly earnings and weekly hours are shown. In addition, recent hourly and annual earnings are shown for occupations commonly found in management of companies and enterprises.

Earnings and Hours of All Employees


Data series	May 2022	Jun. 2022	Jul. 2022	Aug. 2022
Average hourly earnings	$45.27	$44.24	$44.67	(p)$44.70
Average weekly hours	38.8	38.3	38.0	(p)38.2
Footnotes (p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees


Data series	May 2022	Jun. 2022	Jul. 2022	Aug. 2022
Average hourly earnings	$32.62	$32.47	$32.51	(p)$32.39
Average weekly hours	38.2	37.5	37.6	(p)37.4
Footnotes (p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation


Data series	Wages, 2021
	Hourly		Annual
	Median	Mean	Median	Mean
Accountants and auditors	$37.76	$40.78	$78,540	$84,820
Bookkeeping, accounting, and auditing clerks	$22.55	$22.51	$46,910	$46,820
Financial managers	$76.36	$80.05	$158,820	$166,510
First-line supervisors/managers of office and administrative support workers	$36.50	$36.64	$75,920	$76,220
General and operations managers	$72.32	$76.55	$150,420	$159,230

(Source: Occupational Employment and Wage Statistics)

Work-related Fatalities, Injuries, and Illnesses

This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in management of companies and enterprises. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or significantly aggravated a pre-existing condition.


Data series	2014	2016	2017
Fatalities
Number of fatalities	3	1	3
Blank cells indicate no data reported or data that do not meet publication criteria.


Data series	2020
Rate of injury and illness cases per 100 full-time workers
Total recordable cases	0.6
Cases involving days away from work, job restriction, or transfer	0.3
Cases involving days away from work	0.2
Cases involving days of job transfer or restriction	0.1
Blank cells indicate no data reported or data that do not meet publication criteria.