A study revealed that, so far this year, 65% of HR specialists reported having made layoffs in their company. This is the lowest percentage in the region, compared to the 74% in Peru; 77% in Chile; 69% in Ecuador; and 67% in Panama.
The report in question interviewed employees and HR professionals in Latin America, in reference to the Evolution of the labour market during the first half of the year. Regarding employee compensation, the data revealed that Only 28% of experts project a real increase in wages for the remainder of the year.
Layoffs in the first half of the year
The survey, conducted by Bumeran, aimed to find out the opinion of employees and Human Resources experts on the evolution of Argentine labor market during the first half of Javier Milei’s government.
Regarding employment, 65% of HR specialists report having made layoffs so far this year. However, this percentage is the lowest in the region, compared to 74% in Peru; 77% in Chile; 69% in Ecuador; and 67% in Panama. In addition, in reference to the organizations’ projection for the remainder of the year, 48% of experts expect to maintain the workforce, 30% anticipate reducing it, and only 22% are talking about an increase in staff.
Along these lines, the 3. 4% of the experts indicated having fired less than 10%; Meanwhile he fifty% said goodbye between the 10% and 30%. On the reasons for the dismissals, the 54% of respondents mentioned cost reduction; he 40% quoted poor staff performance; and the 35% pointed out the impact of the economic activity.
The evolution of wages during the first half of the year
Salaries were another of the highlights of the report. In this context, looking ahead to the second half of the year, 63% of HR specialists plan to increase salaries in the remainder of the yearHowever, in reference to the increase they plan to implement, only the 28% of Human Resources experts projects a Real wage increases for the remainder of the yearwhile the other 72% estimated an update for inflation.
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In this context, the 32% of the surveyed experts mentioned a 30% increase. On the other hand, 26% project a 20% increase, and 16% plan a 10% increase.
On the employee side, 61% of workers said they had experienced a salary increase so far this year, while 19% said they had 35% expressed the opposite. Among those who received a pay raise, 73% indicated that it was an update due to inflation; 10% mentioned that it was a real increase; and 16% indicated that it was for both reasons.
In this way, the 43% of talents negatively valued the government’s policies, while 34% rate them positively; and 23% consider them average. This contrasts with the perception of HR expertswhere he 49% of human resources specialists positively evaluated government policies in the Laboral scene.
Finally, regarding job development, the 93% of workers in Argentina said they had not had any during this yeara trend very similar to that of the region. In Ecuador and Panama, the percentage is the same; in Chile, 92% confirm it; and in Peru, 84%.
Source: Ambito
