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IOWA Workforce Development
Management of companies
& enterprises
2016 IOWA Industry Profile
https://www.iowaworkforcedevelopment.gov/labor-market-information-division
Executive Summary
In 2015, the management of companies and enterprises sector comprised 1.3 percent of all public and private sector employment in Iowa. This sector reported an average annual wage of $81,855 in 2015, which is 85.6 percent higher than the average of $44,094 for statewide employment. In comparison to other states in the Midwest, only North Dakota has a lower average annual wage: $81,429. Iowans in this sector make 29.9 percent less than the national average of $116,737. Employment in this sector dipped during the recession years of 2009 and 2010; however, employment gains since that time have been quite robust. The sector has added 6,433 jobs since its low point in 2010, equating to a growth rate of 50.4 percent. However, some of this growth may not imply improvement in Iowa’s economy, as earlier this decade, Iowa Workforce made efforts to improve reporting and reclassified some managing establishments that had been incorrectly included with the industry of the company they manage. The sector is balanced between men and women. In 2015, women held 50.8 percent of all positions in this sector.
What is Management of Companies &
Enterprises? This sector comprises (1) firms 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) firms (except government) that administer, oversee and manage establishments of the 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.
Management of companies & enterprises
Iowa Industry Profile
https://www.iowaworkforcedevelopment.gov/labor-market-information-division
2015 Industry Breakout by Employment in Iowa Management of Companies & Enterprises
Percentage Employed & Average Annual Wage (AAW) by Subsector
Source: www.bls.gov/cew/bls_naics/bls_naics_app.htm
Source: Quarterly Census of Employment and Wages (QCEW), Iowa Workforce Development
2006-2015 Employment in Management of Companies & Enterprises
Source: Quarterly Census of Employment and Wages (QCEW), Iowa Workforce Development
12,438 13,878 14,012 12,802 12,776 14,852 16,058 16,527 18,156 19,209
$63,109
$66,337$66,275
$69,958$71,078
$71,651
$76,985 $75,740
$77,968
$81,855
10,000
11,000
12,000
13,000
14,000
15,000
16,000
17,000
18,000
19,000
20,000
$50,000
$55,000
$60,000
$65,000
$70,000
$75,000
$80,000
$85,000
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Employment
Average Annual Wage
551111 - Offices of Bank Holding Companies
1%AAW = $79,763
551112 - Offices of Other Holding
Companies3%
AAW = $107,829
551114 - Managing Offices
96%AAW = $81,045
Management of companies & enterprises
Iowa Industry Profile
https://www.iowaworkforcedevelopment.gov/labor-market-information-division
Source: Quarterly Census of Employment and Wages (QCEW), Iowa Workforce Development
2015 Covered Employment in Management of Companies & Enterprises
In 2015, the management of companies and enterprises sector included 920 locations across Iowa, employing 19,209 people. In the same year, 96.2 percent of the employees in the sector worked in managing offices, while 0.8 percent worked for bank holding companies and 3.0 percent worked for other holding companies. Some industries with company headquarters in Iowa include tire manufacturing, grocery stores, ice cream and frozen dessert manufacturing, physicians’ offices, utilities, and convenience stores. Establishments in this sector can and do support businesses in any other sector of the economy.
Employers
Name of Company Industry
Berkshire Hathaway Energy Company Offices of other holding companies
Central Bancshares Offices of bank holding companies
Fidelity Bancorp Offices of bank holding companies
Midstates Bancshares Offices of bank holding companies
Northwest Financial Corporation Offices of bank holding companies
Source: www.iowaworkforcedevelopment.gov/employer-database
Examples of Management of Companies & Enterprises Employers
Label Key: First line is the county
name followed by average employment and finally, average
wage.
Sector Statewide: Employment - 19,209
Average Annual Wage - $81,855
Management of companies & enterprises
Iowa Industry Profile
Iowa Workforce Development, Employment Statistics Bureau
1000 E Grand Ave Des Moines, IA 50319
800-532-1249 Fax: 515-281-8195
[email protected] www.iowaworkforcedevelopment.gov
Equal opportunity employer/program. Auxiliary aids and services are available
upon request to individuals with disabilities.
TTY 515-281-4748 1-800-831-1399
Contact Information
https://www.iowaworkforcedevelopment.gov/labor-market-information-division
Source: Quarterly Census of Employment and Wages (QCEW), Iowa Workforce Development
2015 Average Annual Wage for Covered Employment in Management of Companies & Enterprises
State Comparisons by Private Ownership
Nebraska $97,121
Industry Distribution by Age & Gender 4th Qtr. 2015
North Dakota $81,429
United States Average: $116,737
Kansas $102,088
Iowa $81,855
Minnesota $120,540
South Dakota $93,560
Wisconsin $94,218
Illinois $126,459 Indiana
$91,506
Michigan $121,447
Ohio $103,151
Missouri $97,595
Source: Local Employment Dynamics, Iowa Workforce Development and U.S. Census Bureau http://lehd.did.census.gov
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