Although inflation shows signs of stabilization in recent months, the Banking Association (AB) maintains monthly negotiation of salary increases through joint negotiations, with the aim of ensuring that the purchasing power of bank workers is not affected. due to the increase in prices.
To date, the union has not called protests due to salary demands, but rather due to situations related to layoffs and branch closures, among other labor conflicts. However, salary negotiations remain a key axis in the union’s main priorities.
Paritarias: What will happen to salaries in January 2025?
Regarding the salaries of bank employees, an adjustment is expected in January 2025, once the December Consumer Price Index (CPI) is published. This adjustment will be applied to both salaries and the value of Banking Day, which was already paid on November 6.
So far, the union has achieved a total salary increase of 107% so far this year, with a recent update of 2.7%. Thus, the average salary of a bank employee reaches $1,566,761.98, composed of a basic salary of $1,492,602.84 and $74,159.14 corresponding to Profit Sharing (ROE).
It is estimated that this month, bank workers will receive a salary close to $1,600,000, to which around $800,000 will be added from the Supplementary Annual Salary (SAC). It is important to note that these amounts correspond to an employee who has just entered the sector, without taking into account other additional amounts such as presenteeism or seniority.
In addition, each salary agreement includes an update of the conventional and non-conventional additionals, which implies that the final salary may vary depending on the situation of each worker.
What is expected for 2025?
The Bank has announced that the automatic inflation update clause will remain in force until February 2025. In the second half of March 2025, a new meeting will be held with representatives of financial entities, both public and private, to evaluate the continuation of this automatic adjustment mechanism.
In summary, bank workers will continue to receive salary improvements under a system of monthly adjustments until February 2025, with new negotiations planned for the first quarter of 2025. This scheme of automatic adjustments has become a crucial tool to confront inflation and guarantee that employees maintain their purchasing power in the face of rising prices.
The salary, for someone who is at the bottom of the salary scale, will be:
- Starting salary: $1,528,656.05
- Profit Sharing (ROE): $75,950.43
- Total: $1,604,606.48
This increase, like the previous ones, includes all gross monthly remunerations, normal, habitual and total, remunerative and non-remunerative, conventional and non-conventional.
In addition, those who receive a salary of $1,600,000 more this month about $800,000 in complementary annual salary (SAC). These figures are those of an employee who enters the activity, without additional factors such as presenteeism or seniority. It is worth clarifying that, with each agreement, the conventional and non-conventional additionals are also updated.
Source: Ambito
