In a context of crisis and a year that closed marked by the wave of layoffs and cuts In companies in the technology sector, a company paves the way that others in the sector are also beginning to adopt: dollarizer partially the wages of your employees.
It is the multinational Accenturea company dedicated to exporting services and providing advice to its clients in Argentina in the areas of consulting and development of technological solutions. As an alternative to curbing the bleeding of talent that emigrates and lowering the turnover of employees in the plant, the company announced that it will dollarize up to 20% of the salary of its employees in the country.
According to sources in the sector, the figure of up to 20% of salary payment in dollars In principle, it would be applicable to certain positions and positions at a hierarchical level. On the other hand, a lower percentage, equivalent to 10% of the salary, would be the part that would be paid in dollars to the rest of the employees of the total workforce of 12,500 workers.
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Retain talent with high global demand
Within the field of technology, the company that decided to partially dollarize wages is one of the main providers of employment in Argentina with several branches in different parts of the country, with a total of more than 12,000 employees. Globally, it has 738,000 workers in more than 120 countries. However, their representatives point out that the measure is provisional and is presented as a strategic alternative to avoid the loss of talent and lower the turnover levels of workers specialized in technology and digital services.
It is known that certain positions in the industry, such as programmers and web developers, are the most in demand by recruiters from the most important companies, both locally and worldwide. These positions usually receive offers from face-to-face employment y remote globally with tempting salaries in strong currencies, dollars and euros, which cannot compete with the local currency.
In this context, technology companies with branches in the country take measures to retain specialized workers. “The salary is in pesos. A percentage of those pesos will be paid in Dollars at the end of each month. It is a program limited to the current context and part of an optional program”, they point out.
Earning income in dollars is important for professionals in the technology industry, despite the difficulties and obstacles to collecting foreign currency for their performance for foreign companies. For this reason, the sector also expects and supports the progress of the monotribute tech.
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“Blue employment”, a modality that grew post-pandemic
Many of the main technological Argentina They provide crucial services for businesses and government agencies. “We guide to build the digital core, optimize operations, accelerate revenue growth and improve citizen services,” they point out from Accenture. The company was run for over 20 years by its CEO, Sergio Kaufmanuntil the end of last year, when he left his position and was replaced by Sofia Vago.
Before his departure, the executive had already referred to the great impact that the so-called “employment blue”. Driven by the weak economic situation that worsened even more following the pandemic by coronavirusthe percentage of young employees who choose to work abroad independently and earn foreign currency is high.
In that sense, Kaufman had already pointed out his concern regarding the increasing and constant levels of migration of specialized and valuable talent. These are “people from technology, financial services, human resources, economists who find job offers abroad that are paid in dollars and do not enter the formal circuit. Are totally precarious jobs, but very tempting due to the exchange gap that we have. Much of the employment that goes through this channel might be formal employment that brings foreign currency into the country. I am concerned regarding this informal circuit of blue employment, ”he said.
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High turnover in search of foreign exchange
Although the company reveals that in the pandemic They added some 2,000 jobs, at the same time they warn that “people are also leaving.” “Of every 100 people who leave the company, two-thirds do so with some kind of hard currency offer in a parallel circuit,” they added.
With this panorama, they also highlight that technology companies no longer compete only with the formal market, but also with “the parallel circuit, which hinders further growth.” Likewise, although they admit from the sector that the offers are tempting because they are high salaries, he presents “many disadvantages”.
The truth is that they assure that this new modality that was imposed due to the need for more and better income, “generates precarious people, with jobs without social security, who do not pay social charges and who also conspire once morest the ecosystem of the knowledge economy”.
BL JL
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