07/27/2021 1:42 PM
Clarín.com
Economy
Updated 07/27/2021 1:42 PM
Faced with year-on-year inflation that reached
50.2% in June, wages in most sectors failed to offset the increases
in consumer pockets.
However, on average, some of the large companies operating in the country or subsidiaries of multinationals
managed to improve their budgets -in the first half of the year- and gave their employees higher increases in
line with inflationary pressure.
A survey carried out by the American consulting firm Willis Towers Watson (WTW) among 398 companies from different sectors (technology, health, consumption, etc.), showed some conclusions about
how the salary increases of non-contract employees were distributed.
The reason why certain companies managed to increase salaries more is related to the fact that they probably had a lower budget for the period but they
managed to get their headquarters to improve it,
according to sources from the consulting firm.
According to the data contained in the survey, the organizations consulted
were considering, at this point in the year, an average inflation of 42.7%.
Meanwhile, salary budgets remain at an average of between
44 and 45% annual increase.
Since the beginning of the year until now, the average increase given by the companies is
25.7%.
According to
WTW data, the lowest percentile the companies gave at least a 20% increase that they had already scheduled and the highest percentile gave up to 30% increase in the first semester.
The industries that beat inflation in the first semester were
communications and entertainment (with increases of 27.5%), agriculture
- which tied for 25% every six months - the same as
tourism
companies
, although they are the They hope to give lower pay increases this year.
46% of the firms that participated in the study will give two adjustments in 2021, 31% three increases, and another 20% four salary increases or more.
The situation is similar to what happened last year, they explain in WTW.
"At the bottom end are the sectors that are most affected by the pandemic and at the top those that are least affected: fintech, logistics, transport, banking entities.
But in general, most of the sectors are concentrated. between 43% or 45% "
.
Another question in the survey referred to what are
the possible changes in salary adjustments for the rest of the year
.
In this sense, 32% of the companies assured that "none".
Asked about the reasons why they would modify their current approved budget, 55% of those responsible for Human Resources of the companies indicated that they would do so in the face of
an acceleration in inflation versus that considered in the current budget.
A
18% would according to
the joint agreement, 12% mentioned the devaluation of the local currency and 9% said the impact of the pandemic on business
.
Lastly, the market trend was consigned as the factor with the least incidence.
Regarding
the benefits, almost 60% of the companies consulted said that they grant some type of lunch bonus,
whether in the dining room on the floor or with refunds or amounts on the salary receipt. In the context of teleworking, 34% recognize Internet expenses, generally from a fixed amount of $ 2,400 on average on the receipt, and only 11% also pay some of the electricity expenses of teleworkers. But in general, 47% of companies indicated that they do not recognize this type of expense. And 19% of them said they have it "under analysis."
Finally, when asked about the main claims of employees related to benefits, the companies highlighted that, among others, they include
reimbursement for lunches, such
as food or
lunch
vouchers and
the recognition of expenses produced by the home office.
YN
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