More than 3.6 million workers have their salary protected against the CPI escalation
Companies with agreements that include wage guarantee clauses will have to apply an additional increase of one percentage point to compensate for the price increase, which will be 4% on average per year.
Companies with collective agreements that include salary guarantee clauses must apply an additional 1% increase to compensate for the rise in prices, which averages 4% annually. As of September, 3.64 million employees are protected by these clauses, representing 19% of all employees registered with the Social Security and 39% of those covered by collective agreements.
The services sector has the highest number of employees protected by these clauses, with 43.3% of the total, followed by industry with 36.6%. The average salary increase agreed in collective agreements is 3%, but with inflation expected to reach 4%, companies will have to make additional payments to employees covered by these clauses.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
