📋 Tender Overview
The formal employment rate in the private sector increased by 22.2 during May of this year compared to the same month of the previous year according to the monthly report on private formal employment Peru and how are we doing N 36 prepared by the Ministry of Labor and Employment Promotion. This meant an increase of 623 thousand formal jobs raising the workforce in this sector to a total of 3 million 434 thousand workers.However when comparing the figures for May 2021 with those of the same month in 2019 prior to the health crisis there is still a deficit of 131 thousand fewer jobs due to restrictive measures of economic activities in order to control the contagions of the Covid-19 pandemic.The growth of formal employment in the private sector last May covered all regions of the country registering percentage increases of over 50 in Moquegua 69.1 Amazonas 61.7 Huancavelica 60.9 and Pasco 51.2.In May 2021 the growth of employment in the private formal sector occurred mainly in construction 176.6 which in absolute terms represented an increase of 139 thousand jobs compared to the same month of 2020. It is followed by business services 27.6 and restaurants and hotels 22.5 in both which translated into an increase of 152 thousand and 21 thousand jobs respectively.In line with the above formal employment in private companies for young people up to 29 years old grew by 29.1 in May 2021 compared to the same month last year. That is 207 thousand more young people were inserted into a formal job.By company size there was greater growth in relative terms in medium-sized companies a variation of 30.3 above small 20.5 and large 19.8.In absolute terms the largest private companies contributed to the greater insertion of formal jobs with the increase of 315 thousand jobs. It is followed by medium-sized companies 181 thousand and small companies 127 thousand.Average salaries grow in large companiesIt should be noted that the salaries received in the private formal sector reached an average of S 2520 in the period January-May 2021 a figure slightly below what was achieved in the same period of the previous year. By company size the average remuneration in the largest companies 101 or more workers reached S 2998 which exceeds that of small and medium-sized companies. It registered an increase of 1.4 compared to the same period of the previous year.By economic activity the average remuneration registered growth in the agricultural and fishing sector 1.8 and services 0.7. At the regional level salaries grew in Pasco 5.8 Ica 5.8 and Lima Provinces 4.4 among others.
