Home » Industrial relations » National industrial relations » Argentina : record salary increase for the banking sector Argentina : record salary increase for the banking sector In the throes of economic recession, and amid widespread uncertainty, Argentina’s banking sector has just signed a ‘Super-agreement’, or ‘Record-agreement’ that updates and revalues salaries (paritaria), taking the 2019 year-to-date rise to an inflation-matching 50%. This latest increase raises the sector’s salary floor to more than three times the minimum salary. The agreement comes at a time of broadly generous salary increases for workers within the banking sector. Through . Published on 09 October 2019 à 11h33 - Update on 22 October 2019 à 15h57 Resources In terms of the finer details, the agreement was signed during the week of September 30 and intends for a 10% increase, backdated to September, a 5% increase for October, and a 5% increase for November. The previous July increase raised salaries by 30%. This latest salary revaluation is the result of the ‘trigger-clause’ (claúsula gatillo) that intends for updates if salaries fall behind inflation.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.EmailThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
