Companies are putting together their budgetand salary increases by 2025 a few months ago. It is a complicated task, which must consider whether the slowdown in the economy will continue. inflation month after month, the impact of a possible lifting of the exchange rate and if the expected will be consolidated reactivation of the economy.
One trend appears to be the clearest in the world of non-contractual employees (who are not governed by joint agreements): the increases are beating inflation since last April, according to the survey among companies carried out monthly by the Human Resources consultancy Mercer. AND This recovery of purchasing power would continue in 2025.
In the last survey, in which 496 companies participated, Mercer registered a pattern of salary increases of 136% (3 points less compared to the previous measurement) for all of 2024. compared to a forecast inflation of 123% (it would end at 118%).
By 2025 there will be some changes. First, it is known that inflation will fall dramatically, but it is still difficult to predict by how much. Economists talk about 30%. For this reason, only 38% of the companies surveyed by the consulting firm have prepared their budget for salary increases. and this group estimates to give 45% (median).
This increase will be distributed in less times. Of the firms that have already decided on the increases, 18% estimate granting four settings salaries during the year, against the five or six that were the majority in 2024.
“The instances of reviewing increases will tend to decrease and by 2025, between three and four adjustment moments per year are expected,” says García Toscano, Careers & Rewards manager at Mercer.
The specialist estimates that The practice of giving merit increases could return which was left aside after the rise in inflation. This will happen “to the extent that companies can allocate a part of the budget to rewarding individual performance.”