The labor costs and salaries are still recovering pulse rate in the Spanish economy by the direct effect of the increase in the minimum wage by 22% and contribution bases by 7%, hikes that have led to figures not seen since a decade ago the cost per month per worker to the company, as reflected in the quarterly Labour Cost Survey compiled by the National Institute of Statistics (INE).
Between the months of April and June, total labour costs rose 2.4%, to settle at an average of 2.664,55 euros per month. The other, the wages, the bulk of the costs, they did so in 2.1%, leaving the average remuneration per worker in 1992,18 euros (without taxes). The greater part of this latter amount -1.951 euros– corresponds to the wages, supplements and overtime payments, which increase by 2.1% while the rest, 618,9 euros what are social contributions paid to Social Security.
The most important thing, however, is the profile of the productive sectors in function of how they have evolved wages. And it reflects the figures of the statistics is that the industry remains the sector that pays a higher pay (total wage cost): 2.373,50 € gross per month on average, after increasing 1.4%. The same wages rose in the construction, until you reach 1.987 euros per month. While the services sector is the one that pays an average wage lower, 1.924 euro per month, although it is where most grew up wages, 2.3%, as compared to mid-2018. These rates do not necessarily mean that salaries have gone up at that rate, but that total labour costs (due to the effect of the employment or by the application of factors such as the seniority or reclassifications professionals) have grown in that proportion.
By sectors of activity, the largest increases were recorded in activities artistic, recreational and entertainment, real estate activities and education, while it decreased in the financial and insurance activities, and in the extractive industries.
Madrid for Extremadurathe gap between The north and the south, which is reflected in virtually all economic indicators is also apparent when speaking of labour costs. Thus, Statistical certifies that Madrid is the region with the greater labour costs, 3.121 euros, followed by the Basque Country and Catalonia. At the other extreme are Extremadura, with 2.231 euros per worker and month, followed by the Canary islands and Murcia. The cost difference between the two is almost 40%.
Another of the variables that measured the Survey is the number of job vacancies that, according to the companies consulted, have not been covered. In the second quarter were recorded 107.531 vacancies and nine of every ten were in services. However, 93% of the companies stated to have no vacancies in their workforce because they do not exist; whereas 4.5% indicated that they have unfilled posts due to the high cost of hiring a worker to occupy them and a 2.4% stated other reasons. Madrid, Catalonia and Andalusia are concentrated more than half of these vacancies.
Date Of Update: 18 September 2019, 18:00
