He average intended salary fell 1.3% in July from the previous month for the first time in almost three years, according to the latest Labor Market Index of boomerang.
In this way, the average intended salary was $289,883 per month in July. A similar decline last occurred in January 2021, when the average required salary was $67,731 per month and the previous month’s had been $69,807.
According to the seniority of the position, the average salary for the boss and supervisor positions in July was $475,471, with an increase of 0.73% compared to the previous month, while in the senior and semi-senior categories it was $285,606, with a fall of 1.96%, and in the junior levels it was $199,135 with a drop of 1.76 %.
Why did the intended salary decrease if inflation rose?
“If the inflation increases, the logical evolution of the salary that the applicants ask to receive should be in the same direction. What can lead, on the contrary, to lower the expected remunerations? There are many reasons. the context of pre-election uncertainty It can generate anxiety and lead some talents to prefer to initially ask for less, in order to increase the chances of accessing the job what they want In addition, with the level of inflation that the country is experiencing, it is difficult for workers to know exactly how much they should be paid,” he explained. Federico BarniCEO of Jobint.
“The drop in the average expected salary is directly related to the decrease in the remunerations requested in sectors such as Technology and Systems and Production, Supply and Logistics which presented decreases this month of 5.62% and 5.25% in the junior sector, and of 8.61% and 8.71% in the senior or semi-senior levels. However, they continue to be the areas with the best salaries in the world of work,” added Barni.
What were the sectors with required wage growth?
Inside of the junior segmenthe The sector with the largest increase in the salary required during July is Others (includes Gastronomy and Tourism; Management and General Management; Trades; Customs and Foreign Trade; Education, Teaching and Research; Mining, Oil and Gas; Health, Medicine and Pharmacy; Insurance) with an increase of 1.89%, followed by Marketing and Communication with 0.63%. while, Administration and finance presented a decrease of 0.38% and Commercial of 1.57%. The other sectors presented falls below the junior average, which was -1.76%.
The annual cumulative increases higher in the junior positions they are in Technology and Systems with 132.39%; in Production, Supply and Logistics with 119.57% and in Human Resources with 114.09%. All these areas present accumulated increases greater than the junior average of the last 12 months, which is 101.62%.
Compared to year-on-year inflation, which is 115.6%, there are two sectors that exceed the inflation data for the period: Technology and Systems and Production, Supply and Logistics. While Human Resources, Administration and finance, Commercial, Others and Marketing and Communication They are below the inflation figure.
In the senior and semi senior levelsthe areas with higher increases in remunerations average pretended during july are Marketing and Communication with 9.39%; Others with 0.97%; Human Resources with 0.90% and Administration and Finance with 0.08%. All these values are above the average senior and semi-senior drop, which is 1.96%, while the other areas presented increases below.
The highest cumulative increases in the last 12 months in the range senior and semi senior they are presented in Human Resources with 110.91%; Production, Supply and Logistics with 110.05% and Others* with 98.73%. The average accumulated increase for this seniority is 89.79% in the last 12 months. Compared to year-on-year inflation, which is 115.6%, no sector exceeds the inflation data for the period.
Source: Ambito
