The profit of the fiscal year 2022 increased by 11%, both in the 10% that is fairly distributed to the workers of the companies that report a profit, and in the 5% that corresponds to the family obligations of each worker. So, the average based on the 10% component was $2,859, and in terms of the 5% allocated to family responsibilities, it was $923.

These data were revealed in an investigation carried out by Andeanecuador Consultores Estratégicos CL, which investigates and analyzes the distribution of profits contributed by companies to their associates during the last fiscal year, corresponding to 2022, which was canceled in April this year. in 2023.

How many consecutive years can the company not pay a profit to its employees?

In addition, there was an increase in the maximum delivered range. The base 10% limit was $32,325, up 6% from the value reported the previous year. While the upper limit awarded over 5% was $10,550, in this case it is a reduction of 8% compared to what was delivered last year, according to Roberto Estrada, consulting partner of Andean Consultores Estratégicos CL

The Internal Revenue Service (SRI) also noted that during 2022, companies reported higher profits and that this is one of the factors that collected $6.917 million in the first four months of 2023, and $2.398 million was collected in April alone , 9, 5% more than a year ago.

The Andeanecuador Consultores Estratégicos study involved 156 companies (65% national and 35% multinational) and also shows how much salary increases were implemented in the first quarter of 2023: 78% of companies increased their workers’ salaries by an average of 4.3%. National companies established an average adjustment of 4.4%, and multinational companies of 4.2%.

“Differentiating by sector shows that the biggest increases belong to the commercial industry with 4.83%, then services with 4.45% and finally industrial with 3.98%. Likewise, the three sectors that had the highest wage growth were technology (5.57%), construction (4.94%) and automotive (4.75%). On the other hand, floriculture (3.13 percent), finance (3.36 percent) and mass consumption (3.93 percent) grew the least, says Estrada.

Sales grew in all sectors between 1% and up to 37%, according to official data

The report touches on other issues, such as the plans organizations have considered due to the year-on-year increases the Government approves in the Single Basic Wage (SBU) and the consideration companies are taking in the face of country risk that has escalated in recent years. in recent months, and the analysis mentions 1,921 points where it was on April 25, 2023. Currently – as of Tuesday, May 30 – this indicator is at 1,861 points, according to the Central Bank of Ecuador.

The Andeanecuador study also reveals that the average percentage of staff turnover was 14%, and this is due to several factors, such as better salary opportunities that include professional growth and development with 67%, organizational restructuring with 22% and personal reasons (studies, schedules , travel, among others) with 18%.