The months of April, July and October are the most prevalent at the time of granting salary increases. They are followed by the months of January, March, September and November. 35% of the companies will grant 3 increments, 31% will grant 4; 22% will give 5 or more; 11% will give 2 and 1% will give only 1 increment.
“What we see is an upward revision of the increase budget for the second semester and, in addition, the addition of one more instance of salary adjustment. Today, almost 90% of the market makes 3 adjustments or more. And from the end of the year prior to this date, the percentage of companies making 4 increases rose from 18% to 31%, and that of companies making 5 or more increases rose from 15% to 22%. Something that we already knew is confirmed, the more volatile the context, the more instances of salary review companies make,” Thornton stressed.
Regarding the next year 2023, the companies plan to grant a 60% increase; The inflation scenario with which they are preparing the 2023 budget is 61.8%. According to private sources, the projected annual inflation will be 73.8%.
“The budget exercise is just beginning and, normally, companies budget a value very much in line with the expected inflation for the next year at that moment in time, but knowing that it will be a number that they will have to review frequently, during the cycle. budget and once it is closed”, added the Mercer expert.
Source: Ambito
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