The average salary increase agreed in the agreement closes 2024 at 3.07%, almost three tenths above the CPI

The agreements signed in 2024 present an average salary increase of 3.71%, nine points above the December inflation figure

Jan. 10 () –

The salaries agreed upon in the agreement rose on average by 3.07% last December, a figure slightly higher than that recorded the previous month (3.05%) and almost three tenths above the advance CPI for December, whose interannual rate was 2.8%, according to the collective bargaining statistics published monthly by the Ministry of Labor and Social Economy.

This average salary increase of 3.07% registered in December is the highest in 2024 and with it, it exceeds 3% for the fifth consecutive month, a percentage that has not been reached since December 2023.

The final data on year-on-year inflation for the month of December must still be confirmed by the National Institute of Statistics (INE) next Wednesday, January 15, but it hardly varies.

The average salary increase included in the agreements registered until December of last year (3.07%) is in line with the guidelines set by CCOO, UGT, CEOE and Cepyme in the V Interconfederal Collective Bargaining Agreement (AENC).

Specifically, this agreement recommends salary increases of 3% for both this year and 2025, with a salary review clause that, in the event of deviation from inflation, could imply additional increases of up to 1% for each of the years. of the agreement (2023-2025).

THE AGREEMENTS SIGNED IN 2024 CONTEMPLATE AN AVERAGE INCREASE OF 3.71%

Most of the agreements recorded last year in the Labor statistics were signed in previous years although they would take effect in 2024.

Specifically, last year a total of 3,663 collective agreements were registered with economic effects in 2024, of which 845 were signed that same year, with an average salary increase of 3.71%. The rest of the agreements, 2,818, were signed in previous years and include an average salary increase of 2.89%.

In total, the 3,663 agreements registered last year provided protection to more than 10.6 million workers.

TWO OUT OF EVERY THREE WORKERS, WITHOUT SALARY REVIEW CLAUSE

According to Labor statistics, most of the agreements registered in 2024 do not have a salary review clause to avoid losses of purchasing power. Specifically, of the 3,663 agreements counted, 24.7% (904 agreements) had a salary guarantee clause and of them, 579 contemplate that it be applied retroactively.

The agreements that include a review clause affect more than 3.66 million workers of the more than 10.6 million covered by the agreements registered in 2024, the equivalent of 34.5% of the total, a rate higher than that of November ( 33.1%).

Thus, almost two out of every three workers lack safeguard clauses in their collective agreements. However, the number of workers protected with this instrument is more than 13 points higher than that in December 2023 (21.08%).

Of the total agreements registered last year, 2,672 were company agreements, with effects on 641,642 workers and an average salary increase of 2.8%, while 991 were sectoral agreements and covered almost 10 million workers, with a salary increase average of 3.09%.

The average working day agreed in the agreement stood at 1,755.7 hours per year per worker at the end of 2024 (1,708.2 hours in company agreements and 1,758.8 in higher-level agreements).

WORKERS AFFECTED BY ‘DOWNLOADS’ DOWN BY 19.8%

The Labor statistics also reveal that in 2024, 553 non-applications of agreements were registered, below the 573 in 2023 (-3.5%).

These ‘disengagements’ affected a total of 21,045 workers, compared to the 26,257 affected in 2023, which represents a decrease of 19.8%. The ‘removal’ of agreements involves the review of working conditions in companies.