On Thursday March 19, the Brazilian trade union related Inter-Union Department of Statistics and Socio-Economic Studies (DIEESE) released a report that showed 91.5% of employee/employer negotiations in 2014 resulted in salary rises that were in excess of the INPC consumer inflation index, which is more than for 2013 (86.2%). A deteriorating labor market puts a big question mark over the likelihood of such a good result for 2015.
The report is based on a study of 716 collective negotiations across industry, commerce and services. Below are the key points:
- On average, negotiated salary rises exceeded the INPC by 1.39% compared with +1.22% in 2013 but under the +1.90% for 2012.
- 6.1% of collective negotiations resulted in rises equivalent to inflation and only 2.4% of negotiations resulted in salaries rising by less than inflation.
- The largest salary rises were recorded in the commercial sector where 98.2% of negotia
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