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Industries at a Glance
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Management of Companies and Enterprises: NAICS 55
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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 | Back data |
May 2023 |
Jun. 2023 |
Jul. 2023 |
Aug. 2023 |
|---|---|---|---|---|---|
Employment (in thousands) |
|||||
Employment, all employees (seasonally adjusted) |
|
2,521.6 | 2,519.3 | (p)2,519.8 | (p)2,521.7 |
|
|
1,618.5 | 1,642.5 | (p)1,647.9 | ||
|
Footnotes |
|||||
(Source: Current Employment Statistics)
Employment by Occupation
| Data series | Employment, 2022 |
|---|---|
| 105,620 | |
| 80,700 | |
| 83,790 | |
First-line supervisors/managers of office and administrative support workers |
61,420 |
| 110,830 |
(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 | Back data |
Apr. 2023 |
May 2023 |
Jun. 2023 |
Jul. 2023 |
|---|---|---|---|---|---|
|
|
$46.06 | $45.45 | $45.34 | (p)$46.37 | |
|
|
38.8 | 38.2 | 38.5 | (p)39.0 | |
|
Footnotes |
|||||
(Source: Current Employment Statistics)
Earnings and Hours of Production and Nonsupervisory Employees
| Data series | Back data |
Apr. 2023 |
May 2023 |
Jun. 2023 |
Jul. 2023 |
|---|---|---|---|---|---|
|
|
$33.61 | $33.07 | $32.88 | (p)$33.39 | |
|
|
38.2 | 37.9 | 38.3 | (p)38.8 | |
|
Footnotes |
|||||
(Source: Current Employment Statistics)
Earnings by Occupation
| Data series | Wages, 2022 | |||
|---|---|---|---|---|
| Hourly | Annual | |||
| Median | Mean | Median | Mean | |
| $38.59 | $42.20 | $80,260 | $87,780 | |
| $22.57 | $23.54 | $46,940 | $48,960 | |
| $79.16 | $87.43 | $164,660 | $181,860 | |
First-line supervisors/managers of office and administrative support workers |
$36.63 | $38.25 | $76,190 | $79,550 |
| $75.26 | $89.10 | $156,530 | $185,320 | |
(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 | 2015 | 2016 | 2017 |
|---|---|---|---|---|
Fatalities |
||||
| 3 | 1 | 3 | ||
|
Blank cells indicate no data reported or data that do not meet publication criteria. |
||||
| Data series | 2021 |
|---|---|
Rate of injury and illness cases per 100 full-time workers |
|
| 0.6 | |
Cases involving days away from work, job restriction, or transfer |
0.3 |
| 0.2 | |
| 0.1 | |
|
Blank cells indicate no data reported or data that do not meet publication criteria. |
|
(Source: Injuries, Illnesses, and Fatalities)
Workplace Trends
This section presents data on the number of establishments in management of companies and enterprises.
Establishments
| Data series | Back data |
2nd quarter 2022 |
3rd quarter 2022 |
4th quarter 2022 |
1st quarter 2023 |
|---|---|---|---|---|---|
Number of establishments |
|||||
|
|
86,738 | 88,169 | 89,724 | (p)91,069 | |
|
|
|||||
|
Footnotes |
|||||
(Source: Quarterly Census of Employment and Wages)
Data extracted on: September 27, 2023