Large companies raise payrolls in Spain

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For the first time since the crisis began, a large number of Spanish multinationals are considering increasing their employees' payments. The salary increase will approach 1.6%, in a measure that aims to recover the lost confidence of the worker and retain the talent of the workforce.

The fact is that after several years of freezing when collecting wages, and despite the drop in the Consumer Price Index (CPI), workers have seen their purchasing power diminish, seriously devalued since 2012. According to With this, Susana Marcos, from PeopleMatters, comments that “with the recession, not only the laid-off workers have suffered. Those who have stayed in the organizations, assuming more work and worse conditions, feel like victims. Trust with the company has been broken and it is trying to regain it through salary increases and emotional compensation, that is, flexible hours, pleasant work environments and staff development measures ”.

For his part, Toni Ferrer, from UGT, believes that this is a trend that has been consolidating since 2015. “The change in step in the remuneration policy is true; in fact, more than two million workers have already signed an average salary increase of 1.22% for 2016, ”he says.

Furthermore, ICSA Grupo ensures that, for the first time since 2007, executives have lost purchasing power in 2015, close to 0.30%, that is, the equivalent of just over 250 euros. However, employees and middle managers have gained just over 3%. However, Ernesto Poveda, president of the firm, shows that “the fact that serious organizations consider that they are going to solve the problems of their workforce with a slight salary increase is totally wrong. The motivating effect of a raise is diluted in three months. You cannot retain people with money alone, because there will always be someone who will pay more ”.

Telefónica as a representation model

Telefónica is the best example of the salary increase that large companies are going to carry out, with an expected increase of 1.9%; However, the organization Merck Sharp & Dohme (MSD) raised salaries in 2015 by an average of 2% thanks, according to Alfonso Mostacero, director of Human Resources of the company, "to the achievement of objectives of the workforce." As for 2016, the group plans to raise the remuneration of its workers by a minimum of 1.5%.

It is important to remember that an average employee in Spain earns about 22,000 euros per year, which rises to more than 37,000 if he is a middle manager and exceeds 78,000 euros in the case of being a manager; Likewise, it must be taken into account that, depending on the Autonomous Community in which one works, there are numerous salary differences. Thus, if Navarra treats the employee the best, Madrid and Catalonia are the Autonomous Communities that pay the most to managers and middle managers.

In terms of market niches, banking, insurance, industry and services are those that mark an optimal correspondence with each of the aforementioned job categories, while the least generous are found in sectors such as commerce and construction.

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