Previous Story
The export sector expects the largest salary increase in 2020
Posted On 26 Dec 2019
The National Labor and Wages Council expects to meet again this Friday and it is likely that in that last appointment it will be defined what will be the increase in salaries that will be in 2020. However, while that happens, the private sector launches its own calculations. That increase, according to a study, could be 2.52% and it will be the export sector that commands the increase.
The export sector expects the largest salary increase in 2020
This is reflected in a Deloitte report that analyzes the results of a survey applied to 191 companies, 60% of them national. Although 26% have not defined an increase, the rest has.
In that sense, the responses indicate that the largest increase will be in the service sector with 2.74%; followed by the commercial (2.35%) and industrial (2.32) sector.
However, if this increase is studied by economic sectors, it is observed that the greatest increase will be in the export sector, with 5.06% ; followed by the technological (3.70%) and financial (3.08%) area. The smallest increase, on the other hand, will be the construction sector with 1.30%, the mass consumption market (2.18%) and the pharmaceutical market, with 2.33%.
The export sector has become a support for the economy and contributes positively in salary increases and job creation, says Deloitte’s study. However, it also points out that its effect is not massive . International sales are concentrated in few productive activities.
While workers and employees must define the Unified Basic Salary (or ultimately the Ministry of Labor), for this year set at $ 394, each company calculates from what the maximum will be raised. In the last two years, this power has even created variable remuneration , depending on the area. 43% of respondents apply it.
