At a regional level, the average required salary in Peru until May 2024 was US$822 per month, according to the report by Jobint, made up of Bumeran and other leading brands in terms of job boards. This is how our country is positioned as one of those with the lowest salary expectations.
In the report’s ranking, the highest average monthly salary in the region is in Chile, at US$1,146. It is followed by Panama with US$1,033, Argentina at the official dollar rate with US$922, Ecuador with US$825, Peru with US$822 and, in last place, Argentina at the Electronic Payment Market (MEP) dollar rate with US$773.
“The context of the economic recession in 2023 and the current phase of the country’s recovery are some of the factors that could have motivated the labor market to accept low wages to secure employment and maintain financial stability,” said Dora Pinedo, head of marketing at Bumeran Peru.
This would be evident because the salaries required by Peruvians showed a decrease of 3.44% from May 2020 to May 2024, thus being the only ones with a negative variation. Meanwhile, In relation to the interannual variation (from May 2023 to May 2024), Peru presents a decrease of 0.84%The results would indicate that we cannot yet speak of a cross-sectional economic recovery.
Gender gap in salary claims is almost 8% in Peru
The gender pay gap in Peru during May of this year shows a difference of 7.94% in the salaries required by male and female applicants. Compared to other countries in the region, Peru has a larger pay gap than Panama, with 6.66%, and Argentina, with 7.42%, but smaller than Ecuador, with 8.07%, and significantly smaller than Chile, with 13.67%, the latter being the country with the largest pay gap in the region.
Regarding the evolution of the wage gap from May 2020 to May 2024, Peru presented one of the largest with 10.77% in favor of men, ranking third among countries with differences in the remuneration required by men and women. On the other hand, Panama has stood out for having the lowest average wage gap in the region. In contrast, countries such as Argentina and Chile occupy the top spots in this regional ranking, showing wider average wage gaps.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
