Average Salary in Argentina 2022
How much money does an Argentinean earn from his or her employment?
A month’s salary in Argentina is around 45,200 ARS for a worker working full-time. Salaries start at 11,400 ARS and go higher. Companies in Argentina like Microsoft and Dell pay around 7,500 ARS.
A professional who has the experience and is highly skilled makes around 80,000 ARS a month.
There are many different jobs that an average person can do to make money such as sports player, accountant, IT specialist, construction worker and so on.
Hourly Wage Rates
260 ARS is the average hourly salary in Argentina. This indicates that the typical Argentine earns 260 ARS per hour worked. The median hourly wage is 220 ARS. Half of the Argentine workers made less than this amount, while half made more.
Meanwhile, the mean hourly wage was 214 ARS. This means that 50% of Argentine workers make less than 214 ARS per hour worked, while 50% make more.
Salaries in Argentina are distributed as follows:
Salaries in Argentina start at 11,400 ARS per month and go up from there. The average salary in the country is 12,800 ARS.
The minimum salary needed for an individual to buy basic needs such as food and transportation is 7,000 ARS per month (2300 ARS per week).
The cost of living in Argentina is about 13,500 ARS per month (4530 ARS per 45 days) but can be higher depending on where you live – cities like Buenos Aires and Cordoba are more expensive than smaller towns.
In Argentina, the median monthly wage is 41,500 ARS, which implies that half of the population earns less than 41,500 ARS per month and the other half earns more than 41,500 ARS per month.
The median monthly income is the same as the average monthly income because there are as many people earning less than the median income as those who earn more.
The average monthly salary in Argentina is approximately 12,800 ARS per month (456.67 ARS per workday)
Only 9% of the population earns over 25,000 ARS per month. Only 1% of the population earns more than 50,000 ARS per month.
25% of the population earns less than 23,800 ARS, while 75% make more than 23,800 ARS, according to the most recent data available.
What is the difference between the median pay and the average in terms of income?
The median pay is the middle-income level. It describes the amount of money that falls directly in the middle of an ordered list of salaries, meaning half of all employees make less than this number and the other half make more.
The average pay is just a simple calculation to describe how much money people are earning as a whole. In order to calculate this statistic, you simply add up every salary from an employer’s payroll and then divide by how many people were employed within that company.
Median pay is considered to be a better way to measure what the actual typical salary for an employee could potentially be because it does not take into account if everyone at a company was paid exactly the same or if there was one outlier with a really high or really low salary.
There is much more variability in the average than there is in the median, which means that this statistic can be much less representative of what an individual’s income actually will be.
Bonuses by Seniority
Senior employees in Argentina receive bonuses more than once a year. First of all, companies give merit-based bonuses in addition to the usual three months of salary that is traditionally given at the end of the year. These bonuses are often more than 50% of an employee’s annual salary.
The most appealing part about these merit-based bonuses is that they come on top of “the 13th salary” – which means that employees also receive their December salary in two parts (in November and December).
This takes place during Christmas time when many Argentinians make large purchases for themselves or their children. Sometimes, both salaries are received along with another bonus (instead of one).
This system makes it possible for people who don’t even make minimum wage to receive six months of salary each year.
The government has been trying to regulate the system but there are many loopholes that enable companies to give their employees bonuses without needing authorization from labor law authorities.
Salary Comparisons Based on Years of Professional Experience
What is the progression of a person’s wage over time?
A person’s wage increase over time as they gain experience and exposure in the company they are working with. In Argentina, the average salary of a person in the professional workforce is ARS 44,000 annually.
This number is drawn from the average wage of each education level covering 3-5 years of experience in the workforce. People with 6-10 years of experience make around ARS 69,000/year and people that have more than 1o years of experience can see an annual salary of ARS 100,000 or higher.
A person whose career spans over a few years will start off making ARS 44,000 per year on average.
As time increases so does their earnings until they reach the peak earning potential at about 10 years when they’re making an astonishing ARS 108,400 on average before it starts to slow down slightly during their 20th year in which they bring in an estimated ARS98,500.
Salary Comparisons Based on Education
What is the relationship between your education level and your salary?
Certificate or diploma holders earn an average of 17% more than their counterparts who simply completed high school education.
Argentine workers who hold bachelor’s degrees or academic qualifications can expect to earn about 35% more than their counterparts.
The salary of the employee with master’s degrees or doctorate is even higher, around 74%.
The salary also depends on the industry you are working in. For example, employees in the mining and oil industry may expect ARS 7.8 million on average per year while employees in education may expect ARS 3.3 million on average per year.
According to research, there is a relationship between the salary of an individual and his or her level of educational attainment. Individuals with higher levels of educational attainment are more likely to earn more money than those with secondary school-level education or less.
Workers that have college degrees are likely to earn around 35% more than their counterparts who only completed high school studies.
Workers with master’s degree holders can expect to earn about 74% more compared to their counterparts who only completed high school studies.
Argentine Yearly Wage Increase Percentage
How much are yearly raises in Argentina? How frequently do workers receive raises?
In Argentina, the yearly wage increases for workers has been rising in recent years.
The current average yearly wage increase in Argentina is 11%, which has been on the rise for the last three years but still sits below the global average of 13%. It’s worth noting that some jobs receive smaller raises than others, as the Ministry of Labor takes inflation rates into account when doling out increases.
Other factors taken into consideration are market demand for certain skills or how long workers have been employed by companies before receiving salary boosts.
Yearly Pay Rates by Industry 2022 in Argentina
- Banking – 1%
- Education – 7%
- Travel – 5%
- Hospital – 6%
- Industrial Manufacturing – 4%
- Construction – 3%
- Information Technology – 5%
Take note that these numbers may vary. Other companies in thriving industries may pay even higher rates.
Salary By Gender in Argentina
Male workers in Argentina earn 6% more than female employees in all industries. The manufacturing industry pays men 1.5% more than women, and the finance and insurance sector pays almost twice as much to male employees.
In 2022, the salaries of women are expected to be lower than men’s earnings for the next 5 years. Women who were born in 2001 will only make about 10,000 ARS (or $850 USD) after graduation if they enter the workforce; this is almost 1/3 less than male graduates that year.
The government is trying to fix the salary gap by forcing businesses to report salary information and including this data in government statistics. Right now, it is difficult for women to demand more money because employers often know how much other companies pay their employees.
Average Salary Increase Rates by Level of Experience in Argentina
- Junior-level experience (0-5 years) – Av. Salary Increase: 14%
- Mid-level experience (6-10 years) – Av. Salary Increase: 12%
- Senior-level experience (11+ years)- Av. Salary Increase: 9%
The latest salary increase survey for employees in Argentina shows that more than half of companies are planning to give salary increases between 11%-14%.
Pay rises above 14% were reported by just 4%, whilst less than 1% has planned pay cuts or freezes during the next 12 months.
There seems to be an increase in inflationary pressure, as more than one-fifth of employees will receive a raise between 15%-20%. The average salary increase rate is currently 14%.
Incentives in Argentina
How frequently and how much are bonuses given?
Bonuses in Argentina are usually given quarterly, and the average amount is 20% of a person’s monthly salary.
In Argentina, 81% of workers receive incentives from their employers. Generally speaking, incentives in Argentina consist of cash bonuses for good performance.
There are no extra benefits besides those which have been outlined within an employment contract.
Within a company, there will be a first-level manager who determines whether the individual has done a satisfactory job depending on the company policy and usually decides if an incentive will be implemented.
Individualized Performance Bonuses
Individualized Performance Bonuses are a common practice in the corporate world. Every employee is given a bonus, which is calculated to be an incentive for them to work harder and better.
These bonuses are usually based on metrics that measure productivity or performance.
The problem with these types of bonuses is that they can quickly become unfair if not set up correctly. For instance, one person may receive a large bonus while another receives none at all.
This could lead to resentment among employees who feel like their hard work isn’t being shown any appreciation by the company they work for; it also has the potential to create conflict between coworkers who might have different levels of compensation even though they do similar jobs equally well (or poorly).
Performance-based pay is a system of compensation used in the corporate world that is meant to incentivize employees to work harder.
Under this type of pay scheme, each employee receives a bonus which is calculated according to metrics that measure their productivity or performance.
The problem with this system as it currently exists is that unfairness can quickly become an issue if not set up correctly. For instance, one person may receive a large bonus while another receives none at all.
This could lead to resentment among those who feel like their hard work isn’t being recognized by the company they work for; it also has the potential to create conflict between coworkers who might have different levels of compensation even though they do similar jobs equally well.
Goal-based Rewards are a more fair and less arbitrary way to incentivize employees. Rather than basing bonuses on metrics that measure performance, Goal-based Rewards base bonuses around an employee’s ability to achieve goals.
In other words, if a goal is set through collaboration between management and the employees being measured, those who help reach those goals will be rewarded with deserved compensation.
No one will receive a bonus they haven’t earned or been promised simply because it was convenient for someone else.
In fact, one of the biggest benefits of Goal-based Rewards is that they positively reinforce collaborative efforts among workers by encouraging people to work toward common team goals instead of competing against each other for personal gain – something which ultimately hurts everyone involved as well as the company itself.
A common practice in a number of companies is to provide a bonus before the New Year or at the end of the holiday season.
These bonuses are given because it is assumed that employees would have more time to spend this money than they do when money is tight during other times year.
Bonus Rates by Career
What qualifies a profession for huge bonuses and high pay?
Different professions have different approaches to bonuses and pay increases. In Argentina, workers whose job titles are “professionals” are more likely to have higher pay increases, faster promotions, and better benefits.
There are two main reasons why people in professional career tracks might get a bigger increase than other workers: merit-based pay or regular raises based on seniority.
In addition, workers with certain titles could get more money if they hold licenses issued by the state. So according to these factors, professions may get huge bonuses and high pay such as doctors, lawyers, engineers or pilots.
Argentine professionals can earn as much as ARS 164,000 (US $37.500) per month before taxes; while non-qualified workers earn about one-third of that amount, only ARS 50,000 (USD $12.300).
Popular Job Salary in Argentina
- Teacher – 34,900 ARS
- Translator – 41,600 ARS
Care Giving and Child Care
- Nanny – 18,600 ARS
- Nursery Teacher – 17,000 ARS
- Medical Assistant – 20,000 ARS
- Secretary – 20,000 ARS
- Security Guard (Night) – 16,500 ARS
- Receptionist – 18,600 ARS
- Tutor for College Subjects/Business Subject – 29,700 ARS
- Tour Guide – 48,800 to 84,400 ARS (per year)
- Laborer – 16,500 ARS
- Electrician – 18,600 ARS
- Heavy Equip Operator – 23,300 ARS
- Factory Worker – 13,200 ARS
- Mechanic – 18,600 ARS
- Human Resources Specialist – 43,200 ARS
- Property Manager – 29,700 ARS
- Accounts Payable Clerk – 25,000 ARS
Office Management and Customer Service
- Legal Secretary – 21,800 ARS
- Administrative Assistant (Medical) – 20,000 ARS
- Receptionist (General) – 15,100 to 16,500 ARS
- Clerk in a Store – 18,600 to 19,000 ARS
- Machine Operator (Industrial Equipment) – 13.200 to 14.500 ARS
Salary Comparison: Public vs. Private in Argentina
It is common for many young, highly educated Argentines to seek employment in the government because there exist a wide range of careers and education and monetary opportunities.
However, when compared with private-sector salaries, public employees earn more than double the estimated monthly average of ARS 8,000, or US$500.
According to the Labor Ministry’s National Statistics and Census Institute (INDEC), public-sector employees earn an estimated median monthly salary of ARS 15,400 compared with the private sector’s ARS 6,600.
Accidents are common in Argentina due to improper maintenance at construction sites
People are sometimes killed when the wall or scaffolding they are working on collapses or when an electrical wire falls onto them while working on a nearby building site.
Other people die because there is no protective gear like hard hats for them to wear while working high up on buildings making repairs. Limitations for workers often include lack of insurance, low pay and long hours; this ultimately leads to poor work conditions.
Although there are risks involved in this career field, benefits include having a secure job with an annual salary and additional monthly allowances for food, transportation to the construction site and housing.
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