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		 Oct.
2018		 Nov.
2018		 Dec.
2018		 Jan.
2019

Employment (in thousands)

Employment, all employees (seasonally adjusted)

 2,391.2 2,391.9 (p)2,394.7 (p)2,397.6

Employment, production and nonsupervisory employees

 1,559.1 1,562.8 (p)1,563.2  

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Employment by Occupation

Data series Employment,
2017

Accountants and auditors

 97,010

Bookkeeping, accounting, and auditing clerks

 80,810

Financial managers

 66,960

First-line supervisors/managers of office and administrative support workers

 52,670

General and operations managers

 88,460

(Source: Occupational Employment 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		 Sep.
2018		 Oct.
2018		 Nov.
2018		 Dec.
2018

Average hourly earnings

 $41.38 $41.19 $40.99 (p)$41.62

Average weekly hours

 38.9 38.2 38.2 (p)38.7

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees

Data series Back
data		 Sep.
2018		 Oct.
2018		 Nov.
2018		 Dec.
2018

Average hourly earnings

 $29.12 $28.85 $29.02 (p)$29.44

Average weekly hours

 37.9 37.5 37.4 (p)37.7

Footnotes
(p) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation

Data series Wages, 2017
Hourly Annual
Median Mean Median Mean

Accountants and auditors

 $34.69 $37.82 $72,160 $78,670

Bookkeeping, accounting, and auditing clerks

 $19.26 $20.11 $40,070 $41,830

Financial managers

 $68.21 $76.89 $141,890 $159,930

First-line supervisors/managers of office and administrative support workers

 $30.35 $32.37 $63,130 $67,330

General and operations managers

 $67.37 $78.13 $140,120 $162,510

(Source: Occupational Employment 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

Number of fatalities

 3   1 3

Blank cells indicate no data reported or data that do not meet publication criteria.
Data series 2017

Rate of injury and illness cases per 100 full-time workers

Total recordable cases

 0.9

Cases involving days away from work, job restriction, or transfer

 0.4

Cases involving days away from work

 0.2

Cases involving days of job transfer or restriction

 0.2

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		 3rd quarter
2017		 4th quarter
2017		 1st quarter
2018		 2nd quarter
2018

Number of establishments

Private industry

 64,959 65,244 (p)66,165 (p)66,597

Local government

        

Footnotes
(p) Preliminary

(Source: Quarterly Census of Employment and Wages)

 

Data extracted on: February 20, 2019