71% of Spanish employees are willing to change jobs if their current company does not raise their salary taking into account the levels at which inflation is found
This is reflected in a survey on the labor market carried out by Walters People for its 2023 Remuneration Study, collected by Servimediawhich also reflects that up to 53% of professionals intend to use figures such as the figure for inflation in December 2022 (5.7%) as a weapon when negotiating wages with their company.
Despite these figures, 34% of professionals believe that their company is not making an effort to offset inflation when evaluating any salary increase or bonus.
However, professionals seem willing to open up to new opportunities, especially as their confidence in the market continues to grow. 78% of them are optimistic and trust the job opportunities offered by the market, although 56% prioritize their job security compared to 44% who give more weight to the salary component.
On the business side, 76% of organizations say they will offer salary increases to their teams in 2023, according to the data in this report. Among them, three quarters indicate that this decision is motivated by the inflation context.
Given the rise in the Minimum Interprofessional Wage (SMI) and the CPI, companies seem to be more voluntary than their employees imagine. While some areas of activity may find it difficult to match wages with market demands, others will offer significant wage increases to offset the shortage of specialized talent, even beyond the 5.7% mark corresponding to December inflation. .
In addition, the Walters People study underlines that wages will grow, especially in those sectors where there is a lack of qualified labor, such as the technological field.
“Salary is more than ever at the center of negotiations. Professionals are aware of the inflation rate, but also of the recruitment difficulties that companies experience, which puts them in an advantageous position. However, we continue to observe that organizations want to respond to the demands of their teams and are aware that 2023 is a key year: will they provide the necessary means to retain talent by meeting their expectations?” asked the director of Walters People, Alexandra Arranz.
However, he qualified that, “unlike previous years, in 2023 the emotional salary has gained greater prominence in salary reviews and in the descriptions of published job offers. Teleworking policies and the flexibility that allow conciliation become something key when presenting an offer to the ideal candidate for a vacancy”.