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Wages: who will be able to benefit from indexation of more than 10%?

  • Post category:Economy News
  • Reading time:5 mins read

In January 2023, sectors like CP200 are heading towards wage indexation of more than 10%. Thousands of companies are affected, according to an estimate by the human resources company SD Worx.

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Lhe sectors where wages are indexed once a year, often from January, such as CP200, which has nearly 60,000 companies and 500,000 employees, are heading for indexation of more than 10% in January 2023, according to an estimate Tuesday of the human resources company SD Worx.

This estimate comes after the publication on Tuesday of inflation figures in Belgium in August, which reached 9.94%, a first since 1976. Inflation based on the health index increased, meanwhile, from 9.07% in July to 9.70% in August.

“A forecast does not offer any certainty, but it is already clear that the high inflation of the past and coming months will lead to wage indexations of unprecedented speed and magnitude. Compared to the last 10 to 15 years, the normal indexation rate was on average less than 2% per year,” SD Worx said in a press release.

Indexation planned in multiple sectors

In addition to CP200, for which future indexation is currently estimated by SD Worx at 10.03% on 1 January, indexation should also exceed 10% in the hotel and catering industry (CP 302), the food industry ( CP 118 and 220), road transport for third parties (CP 140.03) and international trade, transport and logistics (CP 226).

In the sectors where wages are indexed when the pivot index is exceeded, indexations follow one another quickly. For example, the wages of workers in the health sector (hospitals, rest and care homes, etc.) will probably be indexed five times by 2% this year.