In the first half of this year, wages for people who are outside the agreement increased by 44.1% on average for the general industry, according to the WTW Compensation and Benefits Survey.
This way, wages without an agreement lost compared to inflation from January to Junesince it accumulates 42.2% until May and although the data for the month of June is missing, it is expected to be between 6 and 7%.
Besides, companies will give at least 4 adjustments throughout the yearalthough in some cases it can be seen that they will give 5 or 6.
“Clearly companies continue making adjustments to their salary budgetsTherefore, from edition to edition of these surveys we observe how they change”stressed Marcela AngeliDirector of Work & Rewards.
Updates to minimize the impact of inflation
As a way to minimize inflation, companies attempt to add salary adjustment opportunities although they are not enough because they do not match the consumer price index.
“We understand that ‘the measure par excellence’ that is being taken is to focus on update the salary budget as inflation evolves. Then, if we add the percentage of companies that apply each of the listed measures, we see that they all try to do something, although in no case do we see a high prevalence”he pointed Angeli.
Monetary Benefits: Update to Par for Inflation
At this point, the companies that grant monetary benefits do so to a greater extent on the day care centers (63%) and lunch (59% if companies with canteens are included, which grant food or money in salary receipts 8% and virtual wallets 6%).
To a lesser extent, the expense of the Internet service (Four. Five%).
“Referring to the monetary benefits, it is also clear how the companies work to have them updated every 3 months, at least. And the most widely used criterion to make these adjustments is inflation.”he pointed.
The survey was carried out from June 12 to 22 and the sample included 441 companies from different sectors, including high technology, financial institutions, agriculture, services, consumption, automotive, fintech, communications and entertainment, energy, oil, insurance, technology, health, industrial, chemical, construction and retail.
Source: Ambito
