The expected rise in inflation to 1.5% in 2022 will not really affect companies’ wage policies. This is what emerges from the Rencontres RH, the monthly meeting of management news created by The world in partnership with Manpower Group, which brought together around fifteen HRDs in Paris on Tuesday, November 9.
“During the health crisis, there was a lot of talk about the necessary revaluation of the wages of first and second line workers. It was a global finding. But we observe that, neither at the state level nor at the company level, has there been any significant wage adjustment, other than in reaction to the shortage of jobs in certain activities. Even with the onset of price inflation, no price-wage loop begins to develop. the work. There are no strong signals of massive wage dynamics ”, notes economist Philippe Askenazy.
At Galeries Lafayette, which have rather suffered over the past eighteen months, “Our objective was first and foremost to maintain employment. The long-term partial activity (APLD) is still in place and will be so beyond 2021, explains HRD Romain Le Bolus. With the increases in the minimum wage and the price of energy, there are enormous expectations of the “employed” population. Trade unions have asked us to open negotiations, although this is not our usual schedule ”.
Strong expectations from employees
Annual negotiations for some started in the spring, while for others they are just beginning. “ The increase in the minimum wage to 1er October will shake up this calendar. In 2022, we will not be the company that will freeze salaries, despite the catastrophic year ”, the HRD of Galeries Lafayette will not say more about the salary increase of this category of staff, except that “The main concern of management will be people. Among our recruits, it is no longer just the remuneration that counts ”. However, at headquarters, “Where the level of resignations is high, we recruit a little more expensive in certain professions”, he admits.
For companies that have not been spared by the health crisis, wage increases – general and individual – are rarely planned beyond 2% for 2022. At BNP Paribas, where the mandatory annual negotiations have been completed, “They ended with 0.6% general increases, with a minimum of 180 euros, and 1.5% of the budget dedicated to individual increases”, indicates Agnès Girod, the HR manager in charge of remuneration. Corn, “Faced with the disengagement of workers, companies will have to find incentive tools for employees », Remarks Philippe Askenazy.
You have 52.8% of this article left to read. The rest is for subscribers only.