Private Sector Employee Purchasing Power: How to Position Yourself for Salary Negotiations

2023-11-09 11:27:38

The purchasing power of private sector employees has suffered a considerable loss under the effect of inflation, the strongest ever recorded by INSEE since 1996. KMPZZZ / stock.adobe.com

INFOGRAPHICS – As annual reviews approach, this question has never been more pressing. Le Figaro provides you with the information you need to position yourself in relation to the 21 million employees in the private sector.

The end of the year is approaching, annual interviews are being prepared in companies and the question of remuneration has rarely been so pressing. The rise in consumer prices has been continuously eating into the budgets of private sector employees since the end of 2021, who are once again experiencing significant losses in purchasing power this year. “If we exclude the decline in 2021, the drop in the purchasing power of net salaries in full-time equivalent in 2022 (in the private sector, Editor’s note) is the strongest since 1996, the year since INSEE has measured this indicator.», writes the Statistical Institute in its annual survey on private sector salaries published this Wednesday. Never seen before.

In this context, it is good to know how to position yourself in relation to others. This is even the first step to take before hoping to obtain a raise: measuring yourself against market practices. INSEE statisticians, thanks to their plural and precise data, analyze income very carefully…

This article is reserved for subscribers. You have 84% left to discover.

Do you want to read more?

Unlock all items immediately.

Already subscribed? Log in

1699536516
#Private #sector #employee #paid

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.