July 19, 2024 | 10:51

Bizkaia

Euskadi registers the second highest labor cost in the state

Euskadi registers the second highest labor cost in Spain 3.400 euros

Jeickson Sulbaran

June 18, 2024 | 7:27 a.m.

The average salary in Euskadi rises to historic levels, reaching 2.460 euros in the first quarter of 2024, according to the INE

In the first quarter of this year, the average salary in Euskadi reached a record of 2.460 euros, marking an increase of 1,9% compared to the same period of the previous year. This figure places Euskadi as the second autonomous community with the highest salary in Spain, only surpassed by Madrid, which registers an average salary of 2.778 euros.

By adding contributions and other labor costs, Spending per worker in Euskadi amounts to 3.407 euros per month, which represents an increase of 2,2% compared to the first quarter of 2023. This increase is framed in a context of sustained growth in labor costs at the state level, where the average cost has increased by 3,9%, exceeding 3.000 euros per month for the first time.

Euskadi leads absenteeism from work with an average of 23,6 hours not worked per worker per month

The report from the National Institute of Statistics also highlights that Euskadi is the autonomous community with the highest rate of absenteeism from work, cThere is an average of 23,6 hours not worked per worker per month. This figure exceeds the state average of 21,2 hours lost, reflecting a problem that affects regional productivity.

Euskadi registers the second highest labor cost in Spain 3.400 euros

Unai Sordo, general secretary of CCOO, interprets these data as proof of the positive impact of collective agreements on wage increases. According to Sordo, the increase in agreement salaries, which is around 3%, has led to an average increase in salaries of more than 4,5%, signaling an improvement in the employment profile generated in the country.

Sectors with the greatest increases in labor costs: professional activities and communications

The sectoral analysis reveals that professional, scientific and technical activities experienced the greatest increase in labor costs, with 7,4%, reaching 3.883,7 euros per worker and month. The information and communications sector also stood out with an increase of 6,8%, standing at 4.683,91 euros. On the contrary, the hospitality industry, despite a growth of 4,7%, continues to record the lowest labor cost with 1.802,8 euros per worker per month.

Euskadi is not only positioned as one of the regions with the highest salaries, but also faces significant challenges in terms of work absenteeism and salary differences between sectors. This economic panorama reflects both opportunities and challenges for labor development in the autonomous community.

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