The cumulative increase in salary required in 2024 far exceeds that of the first half of 2023which was 37.68%, with an accumulated inflation of 42.5%; and also to that of the last six months of the same yearwhich was 55.75%, compared to an inflation of 78% in that period. This was reflected in a recent report prepared by the employment platform Bumeran.
“The required remuneration so far in 2024 has increased by 68.81%, although it is still below the accumulated inflation of 71.9% until May, we can see that both variables are getting closer. This could indicate the beginning of a recovery in the value of wages in Argentina,” explains Federico Barni, CEO of Jobint.
During 2024, the largest increase of the requested salary with respect to the previous month was recorded in March with an increase of 17.72%. February follows with 17.45%, and May with 13.57%.
The Average expected remuneration reached 919,089 pesos per month in June, with a 7.57% increase compared to May. In the first part of the year, the desired remuneration kept pace with inflation: in January, it was 510,935 pesos per month; in February, 600,105 pesos per month; in March, 706,426 pesos per month; in April, 754,943 pesos per month; and in May, 854,414 pesos per month.
What is the required salary according to the position?
In June, the Average salary for supervisor and boss positions was 1,255,843 pesos per month, with an increase of 13.37% compared to the previous month; in the categories semi-senior and senior was 946,059 pesos per month, with an increase of 6.65%; and in the junior levels was 654,090 pesos per month, with an increase of 5.62%.
What were the Areas with the highest increases in the first half of the year of 2024? In the junior segmentthe sector with the highest accumulated increase in the required salary is: Marketing and Communication with 105.31%. This is followed by Administration and Finance with 104.2%; Commercial with 102.6%; and Others with 101.72%. The rest of the sectors are below the junior average, which is 99.94%.
The highest cumulative increases in average intended salaries during the first half of 2024 at semi-senior and senior levels are registered in Production, Supply and Logistics with 99.73%; Commercial with 94.76%; Others with 94.73%; Commercial with 47.68%; and Technology and Systems with 93.15%. All these sectors have accumulated increases higher than the seniority average, which is 85.89%.
What are the positions with the highest average salaries in the first half of 2024?
During 2024, the highest required wages were recorded during June in Management Control with 2,175,000 pesos per month for the supervisor and boss positions; in Infrastructure with 1,775,000 pesos per month for the semi-senior and senior levels; and during May in Functional Analysis with 1,018,750 pesos per month for the junior segment.
During that same period, the positions with the lowest average salaries are Waiters with 212,500 pesos per month during January for the Junior sector; Waiters with 317,500 pesos per month in April for the semi-senior and senior levels; and Waiters with 277,500 pesos per month in January for the supervisor or boss segment.**
What are the highest-paying positions in each sector?
In the junior category, positions with higher target salaries in each sector are Functional Analysis of Technology and Systems with 1,000,000 pesos per month; Organization and Methods of the Administration and Finance category with 937,500 pesos per month; Industrial Engineering of Production, Supply and Logistics with 900,000 pesos per month; Human Resources Training with 850,000 pesos per month; Business Intelligence of Marketing and Communication with 850,000 pesos per month; Mining/Oil/Gas of Others with 825,000 pesos per month; and Business Development of Commercial with 737,500 pesos per month.
The junior positions that have the lower wages They are Waiters in the Other segment with 382,500 pesos per month; Commercial Telemarketing with 437,500 pesos per month; Production, Supply and Logistics Construction with 457,500 pesos per month; Technology and Systems Database Administration with 487,500 pesos per month; Administration and Finance Receptionist with 510,000 pesos per month; Multimedia Communication and Marketing Design with 525,000 pesos per month; and Human Resources Selection with 687,500 pesos per month.
As regards the semi-senior and senior positionsthe positions with the highest salary claim are Infrastructure in the Technology and Systems category with 1,775,000 pesos per month; Construction of Production, Supply and Logistics with 1,775,000 pesos per month; Management, General Direction of Others with 1,700,000 pesos per month; Commercial Planning of Commercial with 1,250,000 pesos per month; Economic-financial Planning of Administration and Finance with 1,250,000 pesos per month; Compensation and Payroll of Human Resources with 1,125,000 pesos per month; and Marketing and Communication Product with 1,025,000 pesos per month.
Which are the semi-senior and senior positions with lower salaries in each area? Waiters of Others with 450,000 pesos per month; Commercial Telemarketing with 550,000 pesos per month; Warehouse, Storage, Production Expedition, Supply and Logistics with 575,000 pesos per month; Administration and Finance Receptionist with 607,500 pesos per month; Marketing and Communication E-Commerce with 700,000 pesos per month; Technology and Systems Technical Support with 825,000 pesos per month; and Human Resources Training with 837,500 pesos per month.
The gender gap: from 17.23% to 4.91% in the first half of the year
The gender gap in required salary reached the 17.23% in favor of men during the first half of 2024. The peak in the difference in the intended remunerations was recorded in January, reaching 17.23%. In February it was 14.47%, and in March it was 16.77%.
In June, the The average salary required by men was 928,914 pesos per month, while The amount requested by women is 885,974 pesos. per month. The gender pay gap is thus 4.91% in favour of men, a decrease of 3 percentage points compared to the previous month and the lowest level so far this year.
Compared to the previous month, The average salary sought by men increased by 5.37%, while that of women rose by 7.90%.
The gender gap in it junior segment represents a 0.46% with average salaries of 650,706 and 647,732 pesos per month for men and women, respectively. In the semi-senior and senior levels reach 5.17% with salaries of 958,821 and 911,677 pesos per month. In the supervisor or boss positions is 9.19% with salaries of 1,279,526 and 1,171,841 pesos per month.
In terms of participation in applications by gender, the presence of men maintained a trend of two percentage points difference over women throughout the semester. However, in June it reached its peak, with 57.60%, compared to 42.40% for women. This difference widens with increasing seniority level. At the supervisor or head levels, male applications are considerably higher, reaching 64.46%.
Source: Ambito
