In turn, Hucap consulted the participating companies What actions are they taking to try to minimize the inflationary impact on wages? The main actions they are carrying out are: increase the number of guidelines to which the increases are applied; improve benefits package and Work Life Balance practices selectively; increase Variable remuneration for performance and/or objectivesamong other.
Graph companies shares february 2023
Hucap
“As inflation approaches triple digitsjust as it happened in 2022, and the lack of predictability in budgets is accentuatedcompanies begin to increase the number of guidelines for to be able to ‘fight’ inflation and preserve the purchasing power of its employees while adding other strategies that help compensate what “they cannot transfer to the salary”, such as improving the benefits package and work life balance practices; increase variable remuneration for performance and objectives, among others,” said Natalia Terizzi, CEO of Hucap.
As soon as to the panorama on the negotiation of wagesTerlizzi highlighted that “the pressure from the unions for increases that exceed inflation reinforces the ‘ghost’ of overlapping in companies, who in hierarchical positions and especially those key positions in their structures, They are beginning to focus more on variable remuneration to try to avoid this much-feared problem” and added: “The latest measurement shows that 70% of the companies surveyed have overlapping problems”.
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Finally and in reference to possible bonuses, 74% of the companies anticipate that the amounts will be similar to the previous year in relation to business variables; 20% of the companies believe that the final amounts received by employees will improve; orn 6% state that the final amounts received by employees will decrease.
In 68% of the surveyed companies, the bonus is linked to business performance and results; in 17% of the organizations it is linked to performance and in 15% it is discretionary as it does not have a defined policy. 100% of companies grant a bonus at the CEO and General Manager level94% provide it to the first managerial and managerial level, 90% of the companies provide it to the second managerial and managerial level; 75% give it to key positions and people; 73% at management levels and 41% at the level of analysts and professionals.
Source: Ambito
