The recovery of the economy after the passage of Covid is producing the effect of raising the labor costs of companies by increasing the time worked and finishing the effect that the ERTE produced even in 2021.

Thus,

the average labor cost

per worker and month (which includes wages and social contributions) rose by

4.7%

in the first quarter of the year in relation to the same period in 2021, to stand at 2,729.01 euros, it has been reported. this Thursday the National Institute of Statistics (INE).

The data still compares with a period in which the Spanish economy did not finish abandoning the crisis generated by the pandemic, something that it did in the second quarter of 2021 from a labor point of view, with a strong take-off in activity.

But the time that has passed between the end of the Covid crisis and that generated by the lack of control of inflation has been very short

With the increase in prices of between 6.5% and 8.5%

putting pressure on wages and labor agreements since January, the total cost of a worker for the first time

has exceeded 2,000 euros, up to 2,006 euros.

The rate of increase in costs is especially noteworthy in the services sector, where both labor and salary costs grow at a higher rate than in industry and construction.

Both items are lower in the service sector, which includes all kinds of activities with the hotel and tourism industry, which this year has the objective of covering the first high season under normal conditions, as the main sector.

Thus, in general,

the salary cost

, which includes base salary, supplements, overtime and extraordinary and delayed payments, measured in gross terms, has grown by

5.2%

in annual rate, going from 1,907.82 to 2,006.61 euros per worker. and month.

If delayed and extraordinary payments are excluded, growth is almost one point lower, 4.3%, widening the difference with the rise in prices.

The average salary cost in the service sector has not yet reached those 2,000 euros and yet, starting from a lower base, it has grown by 6.1% in the last year, to an average of 1,979 euros per worker.

The hotel industry has triggered this ratio by growing by 68% the costs per worker up to 1,150 euros, very close to the SMI level.

If what is addressed is the salary cost per hour worked, the hotel industry gives way to other activities in the service sector such as financial and real estate services, where these ratios triple that of bars and restaurants.

In construction, growth is more moderate, touching 4%

and in industry, with a wage cost that is 16% higher than that of services and reaches 2,292 euros per worker per month, they increased by 2%.

The INE report for the first quarter of the year also reveals a significant growth in the number of vacancies in Spain, where registered unemployment in the first quarter exceeded three million people.

If 2021 ended with 109,000 vacancies, the first quarter of

2022 ended with 133,000

, which exceeds the figure recorded in 2013, when the unemployment rate was 25.3%.

Due to the distribution of activities typical of the Spanish economy, the vast majority of these vacancies are in the service sector, but it is in industry and construction where there are fewer companies that say they do not need more workers and where the cost of hiring is a problem .

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