With inflation up more than 6% since July, job seekers are adjusting their demands month-to-month so they don’t fall behind on prices if they find a job. Furthermore, the evolution of the salaries requested by the applicants it is more in line with the prices than with recorded wage increases measured by the Ministry of Labour.
Hence, the expected average salary has already reached $175,833 in October, a 6.9% increase over September (against 6.3% inflation) e just 25% above the total basket for a family groupof $139,738 in the same month, below which they fall into poverty.
The accumulated increase so far this year, however, is 74.4% and is 2.1 points below inflation, but 13.4 points above RIPTEaccording to data from the latest labor market index from the Bumeran website.
For the positions of boss and supervisor expected average salary achieved i $279,072 per month, while in categories seniors and semi-seniors touched $175,455 and in levels junior, i $119,561. These values mean cumulative increases of 77.7%, 74.5% and 70.1% during 2022. That is, the increase is greater the higher the position you are applying for.
In the junior segment, the sector with the highest wage increase requested in October was Administration and finance, with 8.5%. The other sectors presented increases lower than the junior average, which was 7.4%. Close to the average, Production, Procurement and Logistics stand out, with 7.3%, and Human Resources, with 7.1%.
The highest cumulative annual increases (last 12 months) in junior positions are found in Human Resources, with 90.3%; in Marketing and Communication, with 88.2%; in Administration and Finance, with 85.4%, and in Commercial, with 85.2%. All of these areas show cumulative increases above the junior average over the past 12 months, which is 84%.
in levels elderly and semi-elderly, The areas with the greatest increases in expected average wages in October were Human Resources, with 10.1%; Technology and Systems, with 9.8%; Administration and Finance, with 7.9%; and Manufacturing, Procurement and Logistics, with 7.4%. All of these values are above the average senior and semi-senior increase, which is 6.9%.
The highest cumulative increases over the past 12 months in the senior and semi-senior grade are presented in Human Resources. with 110%; Marketing and comunication. with 100%; and in Administration and Finance. with 87.7%. The average cumulative increase for this seniority is 85% in the last 12 months.
Where are the best salaries?
The best average salaries in October are those of systems, with $554,167 for boss and supervisor positions; and mechanical engineering, with $351,875 for the senior and semi-senior levels and with $240,143 for the junior segment.
At the other extreme, positions with lower average salaries They are Call Centers, with $77,372 in the junior segment, Assistants with $96,500 at the senior and semi-senior levels, and $Gastronomy, with $168,750 in the boss and supervisor segments.
The gender gap remains at 16.4%. As of October, the average salary claimed by men is $189,173, while that claimed by women is $162,494. Compared to September, the increase is 6.9% for both sexes. The average wage gap remains the same as in September: 16.4% in favor of men, according to the Boomerang index.
This difference increases with the seniority of the position. In the junior segment it represents 6.1% with salaries of 123,123 and 116,000 pesos per month. At the senior and semi-senior levels it is 16%, with salaries of 188,439 and 162,470. In executive or supervisory positions it reaches 26.6%, with salaries of 311,877 and 246,307 pesos per month.
In which sectors are there more job requests?
Compared to the same period in 2021, the job market segments with the highest growth in job ad volume are Administration and Finance with 115%, Commercial with 100% and Human Resources with 99%. The increase in these sectors is higher than the market average, which stands at 87%.
In the last month, the sectors that concentrated the highest number of alerts are Production, Procurement and Logistics with 23%; Administration and Finance with 22%; ampersand with 21%. These three areas account for 66% of labor demand. Technology and Systems follow with 6%, Human Resources with 5% and Marketing and Communication with 4%.