U.S. Bureau of Labor Statistics

Industries at a Glance

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, mass layoffs, data for occupations common to the industry, and projections of occupational employment change.

Employment and Layoffs


Data series	Jan. 2013	Feb. 2013	Mar. 2013	Apr. 2013
Employment (in thousands)
Employment, all employees (seasonally adjusted)	2,026.0	2,030.9	(P) 2,032.7	(P) 2,039.9
Employment, production and nonsupervisory employees	1,381.5	1,381.8	(P) 1,390.1
Layoffs
Mass layoff events	7	(1) -	5	5
Initial claimants for unemployment benefits	976	(1) -	471	434
Footnotes (1) Data do not meet BLS or state agency disclosure standards. (P) Preliminary

(Source: Current Employment Statistics, Mass Layoff Statistics)

Extended Mass Layoffs


Data series	2nd quarter 2012	3rd quarter 2012	4th quarter 2012	1st quarter 2013
Extended mass layoff events	9	7	(P) 4	(P) 7
Separations	1,254	931	(P) 697	(P) 724
Initial claimants	1,321	1,004	(P) 493	(P) 607
Footnotes (P) Preliminary

(Source: Mass Layoff Statistics)

Employment by Occupation


Data series	Employment, 2012
Accountants and auditors	82,790
Bookkeeping, accounting, and auditing clerks	72,910
Financial managers	54,450
First-line supervisors/managers of office and administrative support workers	45,570
General and operations managers	79,070

(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	Dec. 2012	Jan. 2013	Feb. 2013	Mar. 2013
Average hourly earnings	$35.43	$35.40	$35.51	(P) $35.23
Average weekly hours	38.6	37.8	37.9	(P) 38.0
Footnotes (P) Preliminary

(Source: Current Employment Statistics)

Earnings and Hours of Production and Nonsupervisory Employees


Data series	Dec. 2012	Jan. 2013	Feb. 2013	Mar. 2013
Average hourly earnings	$25.30	$25.47	$25.60	(P) $25.49
Average weekly hours	38.4	37.4	37.6	(P) 37.6
Footnotes (P) Preliminary

(Source: Current Employment Statistics)

Earnings by Occupation


Data series	Wages, 2012
	Hourly		Annual
	Median	Mean	Median	Mean
Accountants and auditors	$31.09	$33.88	$64,670	$70,480
Bookkeeping, accounting, and auditing clerks	$17.39	$18.02	$36,160	$37,470
Financial managers	$60.02	$67.16	$124,840	$139,690
First-line supervisors/managers of office and administrative support workers	$27.12	$28.67	$56,410	$59,640
General and operations managers	$59.23	$67.87	$123,200	$141,170

(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	2008	2009	2010	2011
Fatalities
Number of fatalities
Rate of injury and illness cases per 100 full-time workers
Total recordable cases	1.6	1.7	1.5	1.4
Cases involving days away from work, job restriction, or transfer	0.7	0.8	0.7	0.6
Cases involving days away from work	0.4	0.4	0.4	0.4
Cases involving days of job transfer or restriction	0.3	0.4	0.3	0.2
Blank cells indicate no data reported or data that do not meet publication criteria.