This increase is contrasted with inflation that ended at 211.4% in the same period of time. What will happen this year?
He Salary increase for employees outside the agreement increased between 165% and 178%according to the report of Wilson Tower Watson (WTW) in the tenth edition of its Flash Salary and Benefits Survey conducted by the Talent Management and Compensation team. This increase is contrasted with an inflation of 211.4% that throughout 2023.
According to a WTW report to 441 companies, the average salary increase approved by companies was 158%. However, the salary increase already approved and soon to be granted is 165% and the average 175% that is subject to approval.
Salaries outside the agreement: sectors with the highest increases
In this context, all increases were below 200%, although the closest were the Multi-sector (198%), the Oil (195%) and Construction (191%). Meanwhile, the sector Industrial (187%), Agricultural (187%), that of Iron, Aluminum, Mining and Metallurgy (187%) and the Fintech (186%).
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For their part, those with the least increases were Tourism (150%), the Professional services (155%) and the High technology (156%).
“What we can also highlight is that almost all companies continue working and negotiating to be able to pay the annual bonus for 2023 results with an amount that is as up-to-date as possible. and thus have the least impact regarding the inflation levels of the last month and what is expected for the following ones,” highlights the report.
And he adds: “Therefore, if the calculation basis is the December salary (which is the last month of the business year for which it is paid) the loss could be up to 40% – depending on how the index closes.” inflationary at the time of payment-“.
Salaries outside the agreement: what increase is planned for 2024
WTW’s projections for next year are no more auspicious. The survey shows that companies plan an average adjustment of 171% for personnel outside the agreement, in a year in which the inflation planned by the Survey of Market Expectations which publishes the central bank is 213%.
“This percentage compared to previous editions, where it was asked about, has been growing at a rate of 10 points in the last 3, edition by edition,” the report concluded.
Source: Ambito
