The salaries of managers rise by 2.5% and those of employees remain stagnant

The salaries of managers rise by 2.5% and those of employees remain stagnant

The average gross salary of Spanish employees stood at 22,819 euros in 2018, 41,507 for intermediate managers and 81,059 for senior executives, according to the report 'Salary Evolution 2007-2018' from Icsa Group and EADA Business School, which It has been prepared with the salary data of more than 80,000 workers employed in Spain

Both managers and middle managers have increased their annual remuneration by about 2.5%, while the salaries of employees have remained practically the same as the previous year.

Taking inflation into account during the period analyzed, only managers and middle managers manage to maintain their purchasing power, while employees are a few tenths below. The authors of the report contrast this loss with the evolution of GDP, which in the last four years has experienced an interannual growth of around 3%.

The situation varies positively in terms of managers, with a gross annual average salary of 81,059 euros (2.48% more than in 2017, with an additional 1,962 euros), and of the middle managers, who charge 41,507 euros, which means a rise in absolute figures of 1,072 euros, 2.65% more.

Ernesto Poveda, president of ICSA Grupo, has indicated that the "increases have not been much less spectacular", since the companies have opted for prudence after the bleeding, in his words, registered from 2007 with the beginning of the crisis, reports Ep.

In fact, only managers and middle managers manage to maintain their purchasing power during the period 2007-2018, registering a positive differential of 1.18% and 2.46%, respectively, against a cumulative inflation of 16.8%, while employees have lost 0.3%.

Costa regretted that the economic recovery in Spain, with increases in GDP above 3% in recent years, has not translated into salary increases: "You can ask for sacrifices from workers when things go wrong, but when they go well wealth must be transferred. "

In addition, he added that this distribution of wealth generated could have even increased economic growth, and has opted to index retributive updates to the results of companies, using models focused on productivity or the achievement of objectives.

Poveda has expressed concern about how quickly unemployment grew with the crisis and what is slowing down, and in terms of the rise in the minimum wage (SMI) both have agreed that only benefit 4% of employees , although it will be necessary to wait to see its effect on employment and collective bargaining.

By sectors, commerce and tourism are the worst paid in the three salary levels analyzed: "It is surprising how such a strategic sector for the country is the 'low cost' of our salary income," said Poveda.

At the opposite extreme are the banking and insurance, leading the remuneration in all professional categories, while the industry maintains its salary levels thanks to internationalization and exports, and construction has not recovered its pre-crisis remuneration levels.

Employees of Navarra are those with the highest average salary of the whole of Spain, with 25,967 euros, 14% more than the Spanish average, while the worst paid are the Extremadura, with 18,884 euros.

However, the best paid managers are those of the Community of Madrid, which enter 85,347 euros a year, 5.3% more than the national average, followed by Catalonia, with 82,310 euros – in the Catalan community the controls intermediaries charge an average salary of 42,148 euros and employees of 23,171–.


Source link