Although the average increase was greater than the interannual inflation of 2024, it is explained due to the delay of some companies, which had to grant more competitive adjustments to align with market levels.
The salary adjustments for workers outside the agreement in 2024 accumulated an increase of between 115% and 150%, with an average update of 132% in front of one inflation of 117.8%. Furthermore, thanks to the slowdown of consumer price index (CPI) Last year, fewer salary increases than expected were also applied, between 4 and 6 salary adjustments were granted, while at the beginning of the year it was planned that they would be between 8 and 10.
The data comes from the 11th survey on Salaries and Benefits conducted by the WTW Talent Management and Compensation team. In the same report, it is explained that although the average was higher than the interannual inflation of 2024, “We understand that this is the case because some companies granted more competitive adjustments to align with market payment levels”.
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Employees outside the agreement: what increases do companies have planned for 2025
The projections of accumulated salary adjustments in 2025 for personnel outside the agreement, for now, are between 35% and 55%, with an average of 46%. Although, they highlighted that “During the coming months we will have to continue monitoring whether companies modify these projections to the extent that inflation remains at the monthly % of recent months”since with this average they would almost double the CPI.
Therefore, the most certain is what the companies are going to grant, during this first half of the year, an average of 21% increase. With these percentages, almost 50% are planning to grant adjustments on 4 occasions throughout the year.
Regarding the annual bonus for 2024 results that many companies pay during the first quarter of 2025, almost 50% of companies plan to pay between 80% and 100% of what they planned (target). For this payment, the salary paid in the month of December will be used as the calculation basis..
This survey surveyed hybrid work (in-person and virtual), What is striking is that among companies that are multinational, 50% apply the policy of in-person days the same as what is defined by the corporation, while 46% adapt it to local practice and some are still analyzing it..
Currently, 39% of companies have a presence of 3 days, 26% of 2 days, 12% at the choice of each employee/work team, 11% is variable according to each work position.
Source: Ambito
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