salary

The housing market in Malaga is becoming such a drama that neither good salary engineers can rent

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In Malaga a curious dichotomy is being given. The city has become a International Technological Pole and business successful model. However, after that brilliant facade of innovation, a worrying reality is hidden: many qualified engineers and professionals cannot afford rent a house in the city. This technological boom is generating a housing crisis that is expelling the architects of Malaga progress. Malaga Techpark: You can die of success. The Andalusian Technology Park (Málaga Techpark) or PTA, is an example of success that has put Malaga on the international technological map. According to data provided by PTAin 2024, the park reached record figures with 27,940 jobs and a turnover of 4,181 million euros, which represents a growth of 21% compared to 2023. The arrival of renowned technology companies, such as Google, and the future IMEC installationa World Vanguard Microelectronics Research Center, consolidate Malaga as an innovation pole. The housing problem. This technological expansion has attracted new talent from everywhere and Malaga has become an attractive place for entrepreneurs and startups. Despite economic growth and job creation, Malaga faces a serious housing problem. Rental and purchase prices have shot in the capital of Malaga, according to data from the real estate portal IdealisticIn 2017, the price of housing in the city of Malaga was around 1,590 euros/m2, while currently 3301 euros/m2. Only for 2024, the price has increased by 21.4%, making a housing at a reasonable price It is difficult for many professionals. Even well paid. As Felipe Romera, general director of the PTA, said in An interview For the local newspaper Malaga todayis also affecting professionals with good salaries, being a stumbling block to capture and retain this new talent that is reaching Malaga. Expelled from Malaga. As in many other large cities in Spain, this real estate problem has led many of these workers to look for alternatives in surrounding towns to Malaga, increasing real estate pressure on these areas and generating mobility problems in the access roads to the new technological infrastructure. Romera described this situation as a “city failure”, where economic success is expelling its own citizens. The lack of affordable housing threatens to undermine Malaga’s appeal as a technological center. Telework and transport. Given this panorama, teleworking and the improvement of public transport are presented as possible solutions to relieve pressure on housing in Malaga. Teleworking allows professionals live in more affordable areas no need to move to the city daily. However, for this option to be viable, it is necessary to have a good Internet connection and quality services in peripheral areas. Romera pointed out that the improvement of public transport was also a fundamental aspect to facilitate the mobility of technological workers who live outside Malaga to avoid the dependence of the car to go to the work center. These measures could contribute to reducing housing demand in Malaga and relaxing real estate pressure. Malaga is not an isolated case. The problem of accommodation for its workers is not exclusive to Malaga. Other areas with strong economic growth, as IbizaThey are also experiencing similar housing crisis in which the price of housing is affecting talent collection. Although employment offers are attractive, high rental prices make Do not be profitable For employees. The City of Malaga and the Junta de Andalucía are aware of the housing problem And they are taking measures to address it. Projects are being promoted Social Housing Construction and land are being reclassified to increase the offer. However, these projects take time to materialize due to the labor shortage that the sector already lives the complexity of administrative procedures. In Xataka | If the question is whether tourist floors take the price of rentals, we already have the answer: more than 30% Image | Unspash (Jonas Denil)

The average salary in Spain has grown up to 1,987 euros on average. Inflation leaves us 578 euros a year in the pocket

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The average salary in Spain maintains Your upward trend of 2021, managing to link fifteen consecutive quarters of interannual ascent in the State as a whole. This climb leaves the average salary in its historical maximum, according to The semiannual report points ‘Adecco of opportunities and employment satisfaction’ monitor ‘that has been monitoring wages and the Workers’ satisfaction. Best average salary for all. The average salary in Spain has received A remarkable improvement Since 2022.al and as indicated by the authors of the Adecco Group report, this recovery is due to a 3.8% increase in nominal wages during 2024. Despite the good data, the authors of the study remember that this increase is the second lowest of the last fifteen quarters, only ahead of the 3.4% increase recorded in 2021. With this increase, the average salary in Spain is located in the historical maximum of the 1,987 euros per month on average and, for the first time in the series, no autonomous community has an average salary of less than 1,600 euros per month. Rich autonomy, poor autonomy. Despite this generalized improvement, there is still a large salary difference depending on the community in which it is resided. The best average remuneration is given in the community of Madrid and the Basque Country, with average salaries of 2,384 euros and 2,248 euros respectively, followed by Navarra and Catalonia that close the group with salaries above 2,000 euros. At the tail in salaries we find Andalusia, with an average salary of 1,750 euros, the Canary Islands, with 1,668 euros and closes the Extremadura list with 1,641 euros on average. However, despite registering the lowest average salary in Spain, Extremadura is the one that has received the greatest interannual increase, with 7.4%, which has allowed it to cut distances with the Canary Islands. The purchasing power is improved. Although the salary increases They are always good news, the inflation can dilute them cutting the purchasing power of those salaries. By putting salaries in relation to prices, Adecco Group Institute has observed an improvement in the average purchasing power of salaries, encrypting the increase in 578 euros per year for the whole of Spain, which implies an improvement of 2.5% average in its purchasing power. “Even so, the purchase capacity of the current average salary is 7.9 % lower than the largest purchasing power of the historical series, reached in 2009,” the authors of the report point out. Inflation ballast. Again, the autonomous fluctuation of inflation has made differences in this data. The ones who have seen their purchasing power most have been the workers of Balearic Islands and Madrid, with 1,351 euros and 1,213 euros per year of improvement respectively, followed by the Region of Murcia and Extremadura with 871 euros and 757 euros a year. However, despite generalized improvements, two communities They have lost purchasing power In the last year. The salary increase in Cantabria could not cushion inflation and its workers lost 72 euros of purchasing power per year. Worst are the data of the Canary Islands, whose salaries lost 209 euros a year in purchasing capacity. In Xataka | How much is really charged in Spanish technology: of the 27,000 euros as Junior at 170,000 euros Image | Unspash (Sam Moghadam)

Employees value both teleworking that they would be willing to lower their salary: specifically up to 25%

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100% remote work is becoming a model with less and less presencesince companies are adopting hybrid days at best, and the return to the face -to -face in many others. In that context, A study From the National Bureau of Economic Research (NBER) I have revealed that employees are willing to give up a percentage of their salary, or accept offers with a lower salary, if that allows them keep working from home. Up to 25% salary cut. He NBER study He has analyzed how much the employees of the technological sector value remote work, using concrete data and comparing it with their salary. This assessment allows to measure the real value that employees give to teleworking in a context in which face -to -face work and hybrid work models have become the most common option. The result has been surprising since the employees came to assume discounts of up to 25% on average in exchange for not having to go to the office. As I know resigned from teleworking daysthe salary amount to which they were willing to resign was also reduced, going down to the strip from 15 to 20% of the total salary. A much higher cuts than expected. The National Bureau of Economic Research is not the first study that addresses this valuation of teleworking, but the estimates of the previous studies resulted in a much smaller percentages fork that placed the cut that were willing to assume between 5% and 10% of your total salary. As an example, we find The study carried out in January 2024 by the University of Barcelona and the “La Caixa” Foundation, which set this percentage in 8% salary cut. However, something that must be taken into account is that teleworking options have been maintained In high qualification profiles and higher wages, so this cut already part of a salary range with a high percentile. The law of supply and demand. According to Report data ‘IV Radiography of Teleworking in Spain 2024’ prepared by Infojobs, 7.6% of employed people work more than half of their weekly day from home. However, The study ‘State of Remote Work’ of 2023 prepared by Buffer, revealed that 98% of employees preferred to work from home for the constant interruptions and by the displacements to the office. On the other hand, as the Infojobs study pointed out, the offers that included some teleworking modality has been reduced by 2024, representing 14% of the total employee vacancies published. This percentage has only declined since in 2021 it reached its 21% peak, which was reduced to 19% in 2022 and 18% of the total in 2023. According to the NBER study, reduction in the remote employment offer has caused remote work to be perceived as a much more valuable modality than was estimated in previous studies, especially between technological industries. A justification for charging less? The study opens an important debate on compensatory differentials between employees. Employees with teleworking days do not show substantial salary differences With respect to their peers who go to the office. That would leave the door open to companies could reduce salary for remote roles under the principle of compensatory differentials. That is, pay less in exchange for non -salary benefits such as hourly flexibility, which their classmates do not enjoy with a face -to -face day. Something that is not happening. According to the authors of the study, this salary equalization suggests that technology companies are still adjusted to this New labor reality and compete to retain talent by offering similar wages, regardless of whether the work is remote or face -to -face. Telefajo: an advantage for SMEs. As the ADECCO IT & DIGITAL SALARIAL GUIDESMEs cannot compete with the salary ranges offered by large technological ones. That is why teleworking offers you an opportunity To attract a talent that finds no remote employment offers in large technological ones, which they have given by amortized Your adventure with teleworking. Nber’s study demonstrates a trend in which qualified employees would be willing to collect a lower salary that would perceive it in a large multinational, in exchange for being able to work from home. This implies a factor that balances the opportunities to capture talent for SMEs. In Xataka | After this year one in three young people will have changed their jobs: it is nothing personal, it is only salary Image | Unspash (Half Profile)

salary is one of the main culprits

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Bill Gates once said: “You have to enjoy what you do every day.” However, one in three Spaniards says they are not satisfied with their current job. An insufficient salary, too long hours or lack of recognition are the main arguments for this discontent. The hospitality industry is burned. According to data from a study carried out by the job offers portal Jobatus.es that has published Newsworkonly 28.7% of Spaniards are completely satisfied in their job. However, this satisfaction varies by sector. The sector with the happiest and most satisfied employees is technology, with 40.2% satisfaction among respondents, followed by Energy and environment with 38.9% and Education with 34.5%. The professionals with higher rates of dissatisfaction are those in the hospitality industry, of whom only 19.7% claim to be comfortable in their work, followed by employees in the retail sector with 22.4% and the construction sector with 23.1%. satisfaction. The salary is not convincing. One of the most repeated arguments to explain this job dissatisfaction is receiving an insufficient salary, where 53.5% believe that they receive a lower salary than they deserve. The second reason for job dissatisfaction is work time. commuting to workin which 45.6% say that they spend too much time getting from home to work, and long for the times of teleworking or would like a job closer to home. The work environment within the company is also a cause of dissatisfaction since it contributes to raising stress levels. 28.3% of workers claim that they do not receive enough recognition, despite making an effort to do their job well, while 18.9% attribute their dissatisfaction to a toxic work environment that demotivates them. The limitations to ascend and the imbalance between personal and work life are also reasons for dissatisfaction for 17.4% and 14.7% respectively. Dissatisfaction depends on where you live. Data from Jobatus.es reveal that respondents living in Navarra were those who showed the highest satisfaction with their work with 42.3%, followed by the Basque Country with 39.8% satisfaction among its workers. At the opposite extreme is Andalusia, which with 21.5% is the autonomous community with the greatest job dissatisfaction, due to lower salaries and longer duration in employment contracts. They are followed by the Canary Islands, with 23.1% employee satisfaction, and Extremadura with 24.3%. Salary increases. The data points to salary as the main obstacle to job satisfaction, despite the fact that economic data indicates that companies have raised salaries by an average of 3.5%, according to data from the consulting firm KPMG. The Government has also contributed to maintain purchasing power of salaries by increasing the Minimum Interprofessional Salary up to 1,134 euros in 14 payments. However, the increase in prices and inflation has made the shopping cart absorb the salary increase, diluting the perception of that increase. In Xataka | Although salaries have risen 8% in Spain, an upward trend emerges: poor workers Image | Pexels (Vitaly Gariev)

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