How much should salaries rise in June after compensation for inflation

How much should salaries rise in June after compensation for inflation

The bank workers union had agreed to a 7% increase for April salaries, collected in May, but with an inflation adjustment clause, which was 8.8% for the same period.

Banking Association (AB)

The bank employees They had a last increase of 7% in April salary, collected in May. In this way, the initial salary rose to $1,169,680.45, to which must be added the profit sharing fee (ROE) that the workers have by agreement, which last month was $42,265.76. In sum, a worker without seniority received a total of $1,211,946.21.

However, as agreed between the union and the business chamber, For June, employees should receive compensation because the official inflation published by INDEC was 8.8%, higher than the 7% agreed increase. in parity.

This compensation arises from the difference between both percentages, so the new initial salary should be approximately $1,251,304. Likewise, the profit sharing fee should amount to $54,073.

Thus, The new salary to be received should be $1,305,377. At this amount it still remains to be seen if there is a new increase over the basic salary for May.

How much will the banks charge for the bonus?

Taking as reference the initial salary for June, Bank workers should receive around $650,000 as the first installment of the bonus, as long as they are between six months and one year old. For workers with greater seniority the amounts are higher.

Source: Ambito

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