According to Miguel Carugati, general director of PageGroup Argentina & Uruguay, companies that can offer personalized proposals, especially in areas such as health and wellness, along with monetary rewards for performance and merits, will have a significant competitive advantage. Senior executives are looking for more than just attractive economic compensation; they also value continuous development, a strong organizational culture, corporate ethics, and a genuine commitment to employee well-being.
According to a recent report compiled by the recruitment consultancy Michael Page, nearly 50% of global executives would be willing to turn down a promotion if it compromises their personal well-being. Additionally, 70% of executives consider work flexibility a key factor when accepting or seeking a new position, whether through hybrid agreements or flexible work. The most in-demand roles include Chief Executive Officer (CEO), Chief Financial Officer (CFO), and Chief Human Resources Officer (CHRO).
The Argentina 2024 Compensation Report was based on 1,258 responses from mid-level and senior professionals, combined with additional reports from the consultancy. According to Carugati, to remain competitive and ensure the engagement of their talents, companies must pay attention to salary needs and offer additional benefits.
Regarding salary negotiation, 92% of leaders feel confident in this process, compared to 74% of other professionals. According to the data, men show a higher level of confidence than women. As candidates gain more experience in the market, they feel more secure.
As for motivations to change jobs, although salary remains the primary reason, more and more professionals seek to develop new skills and achieve a better work-life balance. Non-monetary benefits, such as private health insurance, life insurance, flexibility policies, and extra paid days for vacation, are increasingly valued by employees.
The report reflects optimism among the respondents, with 68% believing in improvements for the coming year. Although a large part considers the economic situation as "poor," an equally high percentage is optimistic and rates the job market as "good."
