An analysis revealed that salary demands are higher in Argentina than in the region. During the second half of 2024, Argentine salaries recovered after the brutal fall they experienced since the end of 2023.
With an average target salary of US$1,234 per month, Argentina is positioned as the country with the highest target salary in the region. This places it above Chile, with an average of US$1,139 per month; Panama, with US$1,039 per month; Peru, with US$864 per month and Ecuador, with US$811 per month. In MEP dollar terms, The average intended salary in Argentina is US$1,137 per month, consolidating its regional leadership.
The analysis arises from a report prepared by Jobint, which analyzed salary demands in the countries of the region. This variation led by Argentina presented a increase of 74.98% measured in official dollar and 126.55% in MEP dollar. During 2024, according to the analysis, Argentina registered the largest increase in salary claims both in official dollar and in MEP.
Regional analysis: how salaries are
Panama and Ecuador stand out as the countries with the greatest salary stability since January 2021while Argentina faced a sharp drop in wages towards the end of 2023 and beginning of 2024. However, during the second half of this year, Argentine salaries showed a significant recovery, both in official dollars and in MEP dollars, being the fastest growing in the region during 2024, according to Bumeran.
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In year-on-year terms, The salary outlook in Argentina varies depending on the exchange rate considered. When measured in official dollars, salaries grew by just 1.62%, ranking among the lowest in the region. On the other hand, when analyzed in MEP dollars, the year-on-year increase reaches a notable 122.17%. In contrast, other countries showed more moderate variations: Chile (6.84%), Peru (5.57%), Panama (2.97%) and Ecuador (0.28%).
“From 2020 to today, Argentina has recorded the largest fluctuations in requested salaries, both in MEP dollars and in official dollars,” the report states. “Argentina has experienced a significant transformation, going from occupying the last positions at the regional level to standing out in salary rankings,” concludes Federico Barni, CEO of Jobint.
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Argentina has the widest gender pay gap in the region
According to the same November report, lThe gender wage gap in Argentina is 8.03% ranking only above Ecuador and Panama, which have a gap of 7.84% and 3.64% respectively. In contrast, Chile represents the largest wage gap with 10.79% followed by Peru with 8.71%.
“Although in the last month, Argentina showed a low wage gap, from May 2020 to date, it occupies first place in the regional ranking with 14.89%,” the study explained.
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Source: Ambito
