2023-07-21 16:09:21
The expense that a company has to face for having a worker on its staff is skyrocketing and for the first time exceeds 34,000 euros gross per year on average. What’s more, in the last two years it has risen no more and no less than 10%, a percentage never seen before, after almost a decade in which it remained fairly flat, with ups and downs that placed it at around 30,000 euros per year, according to data extracted from the Annual Labor Cost Survey published this Friday by the INE.
Specifically, it stood at 34,286 euros in 2022, 4.1% more than a year ago, the second largest increase in history after the 5.6% registered in 2021. It is, therefore, an increase of almost 1,390 euros per year for each employee, an amount that far exceeds the minimum monthly wage in Spain.
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Because it is not only wages that a company has to pay to register a worker. There are also social contributions, complementary benefits, insurance and pension plans (if any), training expenses, transportation, compensation, social benefits…
The worker’s remuneration does represent the largest item, logically, and represents 74% of the total cost for the company. It also grew in 2022, even more than the cost of labor, 4.6% to rise to 25,353 euros gross per year, the highest in the entire series and 2,717 euros more than a decade ago. However, this increase did not serve to offset the rise in inflation, which almost doubled this wage increase, closing 2022 with an average rate of 8.5%.
Social contributions also increased by more than 4% last year, which now exceed 8,000 euros per worker. Companies allocate 8,055 euros a year to pay the Social Security contributions of their employees, an increase of 1,000 euros in just eight years.
In addition to salaries and contributions, 491.74 euros per year were allocated to social benefits per worker (voluntary contributions to insurance and pension plans, complementary benefits to Social Security and expenses of a social nature), 172.81 to other expenses derived from work (indemnities for the end of the contract, small tools and work clothes, transportation to the workplace, personnel selection…), 144.33 euros corresponded to severance payments for dismissal and 68.3 2 to professional training.
Almost 48,000 euros of gap
The salary differences depending on the activity carried out by the worker are substantial. What’s more, almost 48,000 euros gross per year separate the highest remuneration from the lowest. The highest salary is paid by electricity and gas supply companies: 63,074 euros gross per worker in 2022, followed by the banking and insurance sector, with a remuneration of more than 50,000 euros on average. On the contrary, the most precarious salary is in the hospitality industry, which was 15,175.7 euros, practically the minimum interprofessional salary, located this year at 1,080 euros per month.
On the other hand, extractive industries and banking and insurance were the branches of activity with the most expenses derived from work (work clothes, small tools, transport, severance pay for end of contract, compensatory payments…), while severance pay entailed higher labor costs also in banking and the real estate sector.
At the opposite extreme, education and public administration, defense and Social Security stood out, with costs paid for dismissals that were much lower than the average. On the other hand, electricity supply and financial and insurance activities were the ones that invested the most in social benefits.
By region, the highest labor costs in 2022 occurred in Madrid (40,131.84 euros), the Basque Country (39,624.16) and Catalonia (36,739.55). On the contrary, the lowest were observed in Extremadura (27,430.24 euros), the Canary Islands (28,722.58) and the Region of Murcia (29,961.87).
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