Occupation Profiles will become available to all ProcurementIQ customers with the launch of Procurement Plus.
What are Occupation Profiles?
Occupation Profiles provide state and metropolitan area wage data for nearly 800 occupations in the US. They help you see how wages vary by location and skill level and make it easy to compare metropolitan area wage rates.
What can I do with Occupation Profiles?
Understand labor costs by location and experience
Access wage benchmarks for entry-level, median and experienced workers to see how pay varies across states and metropolitan areas.
Respond to supplier price increase requests
Use regional wage data to help you spot inflated costs in supplier price increase requests or initial quotes. By showing suppliers wage benchmarks for comparable roles in their region, you can challenge inflated labor components effectively.
Guide sourcing and outsourcing decisions
Evaluate wage differentials across states and metropolitan areas to determine the most cost-effective regions for labor-intensive suppliers, service providers or contract staffing arrangements.
Build labor costs into total spend analysis
Incorporate occupation-level wage data into cost modeling to capture the true impact of labor on category budgets, total cost of ownership and supplier performance.
What’s included in Occupation Profiles?
Overview
The Overview section defines what the occupation is and what workers in the occupation do. It also provides national wage benchmarks for three experience levels:
Entry Level: Early-career or less experienced workers
Median: Mid-level professionals
Experienced: Highly skilled or long-tenured professionals
These figures offer a high-level starting point to understand national pay expectations for the role.
Geographic Wage Rates
This section shows how wages vary by state and metropolitan area, helping you understand local differences in compensation.
State Geographic Wage Rates
The State Geographic Wage Rates interactive map allows you to visualize wages by state. You can toggle between Average, Entry, Median and Experienced to see how wages shift across the country.
Below the map is a sortable data table of the wage rates for each state.
Metropolitan Statistical Area Data
The Metropolitan Statistical Area data table covers the average, entry-level, median and experienced hourly wages for the major metropolitan areas in the US. You can sort by any column to quickly find the highest or lowest rates.
Geographic Wage Comparisons
This section lets you compare wage data across up to three metropolitan areas at a time. You can search for and select the metro areas you’re targeting in each row.
This feature is useful when evaluating different markets for hiring, expansion or outsourcing. It provides a clear snapshot of how compensation stacks up across locations.
Markets Affected
This section lists the markets impacted by changes in the occupation’s wage rates and links to the corresponding Procurement Reports for each market.
Where is the data for Occupation Profiles sourced?
We source the data for Occupation Profiles from the Bureau of Labor Statistics’ (BLS) Occupational Employment and Wage Statistics (OEWS) survey, which publishes employment and wage estimates annually. These estimates cover the nation, all 50 states, metropolitan areas and nonmetropolitan areas.
Can I download occupation profile data?
Yes, you can download the Geographic Wage Rates and Geographic Wage Comparisons tables. To export either table as a CSV file, click CSV in the bottom-right corner of the table.
Do the Occupation Profiles differentiate between union and non-union wage rates?
No, the wage rates included in the Occupation Profiles include union labor. The data does not differentiate between union and non-union rates; it reflects a standardized wage rate that may include unionized positions.
What do the white and grey areas on the map mean?
If a state in the State Geographic Wage Rates map is gray, it means that BLS does not publish data for that state.
If a state in the map is white, BLS reports on the state but not for the selected occupation.
For additional questions regarding Business Environment Profiles, please contact your Client Relationship Manager. If you don’t have an IBISWorld account, please contact us to learn more about our membership options.