Expected Salary Increased by 10.5% in the First Half, but Fell Below Inflation of 16.8%

The expected salary of Argentine workers increased in June, but in the first half, salary expectations lagged behind inflation. According to the Labor Market Index from Bumeran, the requested salaries rose by 10.5% between January and June, while inflation was at 16.8%, resulting in a gap of 6.3 percentage points. In June, the average expected salary reached 1,877,862 pesos per month, with an increase of 3.99% compared to May, marking the largest monthly advance of the year. However, there were declines in January and April of 1.87% and 0.09%, respectively. Federico Barni, CEO of Bumeran.com.ar, indicated that the gap between inflation and salary suggests an adjustment in labor expectations. In the junior segment, Marketing and Communication led the increases with a rise of 19.84%, followed by Human Resources (14.72%) and Technology and Systems (13.82%). For semi-senior and senior positions, the highest growth was in Others (19.46%). In June, those aspiring to chief or supervisor positions requested an average of 2,686,899 pesos per month; semi-seniors and seniors, 1,899,599 pesos; and juniors, 1,365,600 pesos. Economic and Financial Planning had the highest expected salary at 4,750,000 pesos per month. The gender pay gap showed that men requested an average of 1,938,667 pesos, while women requested 1,803,119 pesos, with a difference of 7.52%.

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