According to the latest survey carried out by Mercer Spot, the leading global human resources consultancy, the company has given a plan to increase 88.9% in 2023 to non-collaborative staff. The companies make these projections based on an annual inflation estimate of 97% based on private sources.
Considering these, the salary increase for non-union workers will again be a few points below inflation, as it has been in recent years.
It should be noted that in 2022 companies are allowed 90% non-union staff growth and annual inflation is considered 95%.
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As for the number of intended increases, 47.4% will give 4 increases in a year; 18.5% of the teams gift 5 increases; 16.6% will provide 3; 14.2% will provide 6 or more adjustments per year, while 3.3% will maintain 2 adjustments.
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April, July and October are the months in which the most corporate gifts are increased, followed by January, March and September.
“Due to increased inflation this year, companies are already anticipating at least 4 increases, if not more. In general, the more uncertain context raises more instances of salary review markets,” commented Ivana Thornton, director of Career Mercer for Argentina, Uruguay and Paraguay.
With regard to the salary increase expected by each industry, the 10 sectors that plan to give the greatest increase above the general market are: Engineering and construction (103.01%); High Tech-Services, software and electronic commerce (102.05%); Energy (100.51%); Life sciences —Medical devices and instruments (100.48%); Fintech (97.44%); High Tech (Services) – IT Advisory Services and Solutions (96.56%); Life sciences – deduction or others (96.01%); High Tech (Services) – Telecommunications Services (95.60%); Energy-Oil & Gas (95.31%); Banks (95%);
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