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

Iwd.lmi@iwd.iowa.gov 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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