The agreements signed in 2022 agree on a salary increase of 2.59%, far from inflation

The agreements signed during the first two months of the year have closed with an average wage increase of 2.59%. Of the total of 19 registered between January and February in the Ministry of Labour, 13 were in the business field with a much higher increase, of 3.49%, and the remaining six, sectoral, have registered a rise of 2%. Far, then, but also from January, 6.1%.

In addition, the strong upward trend that occurred in the month of January is broken, since the only collective agreement registered that month, for a company -with 720 workers-, resulted in a rise of 6%.

A measure of 2.26%

Regarding the 1,675 agreements in force this year (signed in previous years) that cover 4.37 million employees, the average increase is 2.26%; the 1,312 companies, with 282,609 workers, the rise is 2.46% and the 369 sectoral, with almost 4.1 million workers, show an average increase of 2.25%.

The 19 agreements registered in the months of January and February cover 14,852 wage earners, of whom 12,569 are covered by a sectoral agreement and the remaining 2,283 by company.

In any case, the average salary of all the agreements in effect at the moment has skyrocketed in the last two months. During the past 2021, the increase was maintained month by month in an accumulated rise of close to 1.48%, with a peak in July that reached 1.52% and a minimum of 1.43% in April. Last year it closed at 1.47% rise.

However, this year started with a 2.01% joint salary increase (agreements signed in the year plus those of previous years) and in February it rose to 2.26%. In any case, far from the year-on-year levels of the IPC.

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The abrupt jump of half a point, from 1.47% in December, to 2.01% in January and 2.26% in February, could be explained by the application of the salary guarantee clauses included in the agreements currently in force. A practice that, however, has been losing weight, although it has tended to recover since 2015.

According to a CCOO report, of the agreements with economic effects in 2021, 17.75% had a salary review obligation, below the 23.2% of the agreements with application in 2020. In any case, well above 7 .7% of the agreements in 2015, the lowest point in the agreement statistics.

labor cost per hour

The quarterly variation of the Harmonized Labor Cost Index (ICLA) –which measures the labor cost per hour worked, keeping the structure by branch of activity constant– between the fourth and third quarters of 2021, eliminating seasonal and calendar effects, was 0.8%, according to the National Statistics Institute (INE).

In annual terms, the cost per hour worked increased by 1.2% in the fourth quarter of 2021 compared to the same period of the previous year and, if seasonal and calendar effects are eliminated, the annual variation in the cost per hour was 0 .6%.

“The salary cost rose by 0.8% and the other costs did so by 0.9%”

Returning to the quarter-on-quarter scope, and average by cost components, in seasonally adjusted and calendar-corrected data, the salary cost rose by 0.8% and other costs by 0.9%.

Without taking into account seasonal and calendar adjustments, the quarterly labor cost rate was 3.3%, mainly due to the greater weight of extraordinary payments compared to the previous quarter, according to data published yesterday.

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