During 2023, the highest requested wages were recorded in the month of December in the sector Finances with $1,437,500 per month for positions boss and supervisor; In Project leadership with $1,175,000 pesos per month for semi-senior and senior levels; It’s inside Mining/Oil/Gas with $637,500 per month for the junior segment.
According to the latest Bumeran labor market index, in 2023 The requested salary had a cumulative increase of 137.48%. This is the record annual increase recorded since the study was prepared (2017). However, it is significantly lower than inflation accumulated from the same period, which is 211.4%and the last one Published RIPTE which is 142.7%.
The cumulative increase in the salary required in 2023 far exceeds that of previous years: in 2022 it was 102.5%; in 2021 55%; in 2020 33%; in 2019 40%, in 2018 32%; and in 2017 25%.
Furthermore, the gap between the evolution of required wages and inflation and RIPTE also arises an unprecedented negative value: it is 73.92 and 5.22 percentage points below. In 2022 the difference was in favor of the expected remunerations: 5.2 and 22.5 percentage points compared to inflation and RIPTE respectively.
“The December index allows us to corroborate the projection we had made regarding the evolution of the requested salary: This year we saw the largest increase since 2017. We can see that, despite this record increase, the required remuneration does not increase at the same level as estimated inflation for the period, remaining below almost 74 percentage points. The depreciation of workers’ wages appears to be the main problem“What we will have to face in the world of work in the year that has just begun,” Federico Barni, CEO of Jobint, explained to Clarín.
In the last year, the largest salary increase was requested compared to the previous month was recorded in the month of August with an increase of 16.89%. This is followed by September with 11.15%, October with 10.08% and May with 9.4%. On the other hand, the only month in which In July the average salary required decreased with a decrease of 1.3% compared to June. It was the first time in almost three years that a decline had been recorded.
Average expected compensation reached $484,683 per month in December, with an increase of 7.40% compared to November. In the last half of the year, expected compensation kept pace with inflation: in November it was $451,287 a month; in October, $414,615 per month; and in September 338,840 pesos per month.
In December, The average salary for manager and supervisor positions was $642,216 per month, with an increase of 4.85%; in the senior and semi-senior categories it was $508,922 per month, an increase of 8.28%; and at junior levels it was $327,138 per month, an increase of 6.34%.
What were the areas with the greatest increases in 2023? In the junior segment, the sectors with the largest cumulative increases in the required salary are: Human Resources with 175.21%; Production, Supply and Logistics with 151.11%; and Commercial with 141.54%. These areas present cumulative increases higher than the junior average which is equal to 138.28%.
The largest cumulative increases in average salaries expected in 2023 at senior and semi-senior levels are recorded in Human Resources with 157.08%; Marketing and Communication with 155.07%; Administration and Finance with 154.79%; and Production, Supply and Logistics with 151.76%. All these sectors matter.
What are the positions with the highest average pay in 2023?
During 2023, the highest required salaries were recorded in December in the Finance sector with $1,437,500 per month for manager and supervisor positions; in project leadership with $1,175,000 per month for semi-senior and senior levels; and in the mining/oil/gas sector with $637,500 per month for the junior segment.
What are the lowest salaries?
In December, the positions with the lowest average salaries are observed in Maintenance and Cleaning with 205,000 dollars per month for the junior sector; Call Center with $263,750 per month for semi-senior and senior levels; and Telemarketing with $297,500 per month for the boss and supervisor segment.
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Source: Clarin
