Commercial employees agreed to a salary increase: how much they will earn in November

Commercial employees agreed to a salary increase: how much they will earn in November

October 22, 2024 – 11:44

Commercial employees will receive a bimonthly increase. It is one of the largest unions in the country and this is the salary they will earn after the update.

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The Argentine Federation of Commerce and Services Employees (FAECyS), together with the Argentine Chamber of Commerce (CAC), the Confederation of Medium Enterprises (CAME), the Union of Commercial Entities (UDECA) and the Argentine Chamber of Contact Centers signed a new joint agreement that includes a salary increase for the months of September and October, which will be collected in November, for union workers.

By said agreement, a non-remunerative 8% salary increase is established, which will be distributed as follows:

  • 4.25% for September
  • 3.75% for the month of October 2024.

Additional seniority and presenteeism fees will be paid on this increase and will be taken into account for the bonus (SAC). Likewise, we attach the text of the agreement and the updated scales.

How the increase is applied for commercial employees

This way, The initial basic salary for commercial employees covered by this agreement will reach $926,000 in Novemberwith presentism.

Also, Additional seniority and presenteeism fees will be paid and will be taken into account for the SAC. (Annual Supplementary Salary), indicated the union.

“This agreement It is an important step to ensure the purchasing power of our workers in a complex economic context,” said Armando Cavalieri, head of FAECYS, one of the largest unions in the country that brings together more than 1.2 million members.

In addition to the increase agreed bimonthly, the union workers they receive a 1% additional on your basic salary for each year worked.

Source: Ambito

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