March 28, 2023 6:23 pm

Wim Van Hooydonk Warnings and Updates – Wage indexations expected to top 10% in January 2023

warning and updates wim van hooydonk belgium money

Human resources firm SD Worx estimates that wages will rise over 10% in January 2023 in sectors that index wages once a year, usually in January.

On Tuesday, Belgium published its inflation figures for August, which reached 9.94%, the highest monthly increase since 1976.

As a result, the health index-based inflation rate increased from 9.07% in July to 9.70% in August.

Based on SD Worx’s estimates, the indexation for the CP200 sector, which has nearly 60,000 companies and 500,000 employees, will be 10.03% on 1 January 2023.

There are mostly white collar workers employed in the CP200 (Joint Industrial Committee 200) sector.

In addition to the hotel and catering industry (CP 302), the food industry (CP 118 and CP 220), third-party road transport (CP 140.03), and international trade, transport, and logistics (CP 226), indexation should also exceed 10%.

Indexations occur quickly in sectors where wages are adjusted whenever the pivotal index is exceeded. In the health sector (hospitals, nursing homes, etc.), for example, wages are likely to increase by 2% five times this year.

Read more here

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