Every two months, companies must reassess their salary increase forecasts for bosses and executives.
As companies prepare to receive requests for joint venture reopening from their union workers, so do they they reckon for their employees outside of the agreement.
Up until before Martín Guzmán’s resignation from the Ministry of Economy, estimates of the level of increase companies expected to give their bosses and executives they were increasing in each of the polls carried out every two months by the consulting company WTW Human Resources. The loading level was increasing at the pace of forecasts of price increases.
In December they planned to grant an average increase between 45% and 46% for this yearor. That estimate has come to 48% in March; in May the companies were already waiting to be authorized to relaunch from 55% and in the survey they did between 10-17 June companies they were already managing increases from 60 to 62%, in line with its inflation forecast (62%). This calculation was prior to Saturday 2 July, in which the former minister He tweeted his resignation.
Together with the estimates of wage increases, the number of companies (80%) that will distribute the increases three and more times throughout 2022. Furthermore, 91% of companies already predicted it it is likely (between slightly and a lot) that they will have to revise the percentages of increase again.
In addition to trying to end the year by adjusting wages to prices, companies are making other decisions to mitigate the impact of inflation. Among other measures, some They anticipated the payment of the half bonus and also planning anticipate adjustments salaries that had been planned and introduce more opportunities for increases over the course of the year.
Are also update benefits more frequently who have set amounts, such as lunch, childcare, or the Internet. In other cases, they are looking into incorporating new benefits and also anticipate part of the bonus annual and even for the highest positions they guarantee part of the salary in hard currency.
Despite these initiatives, WTW highlighted that companies that are trying to ensure that their employees do not lose purchasing power are the minority, only 29%.
While they don’t even know exactly what the final wage hike will be in 2022, companies are already working on their projections for 2023. So far, companies They expect an average increase of 56%, with inflation calculated at 55%.
NEITHER
Source: Clarin
