The number of stable contracts has tripled to almost 2.5 million in the first five months of the year, and even increased fivefold for those under 25
The recently approved labor reform is transforming Spain’s shrinking market in one fell swoop. Even faster than expected. For example, for the first time in history, the volume of permanent contracts has grown at a higher level than that of fixed-term contracts, to the point that almost 2.5 million permanent contracts have been signed up to May, meaning you can share the number of permanent contracts with you. triples. were registered in the same period of 2020 (784,041), according to a report published this Thursday by the company Randstad Human Resources.
The weight of permanent contracts has not stopped growing since the beginning of the year: in January it represented 13%, in February 21.9% and in April – when the labor reform came into full effect and the labor contract disappeared and the service halved reached , although it decreased slightly in May. As a result, one in three contracts concluded until May is for an indefinite period (32%), compared to only one in ten in the same period last year.
“We are examining how the entry into force of the labor reform has positive results for the labor market, as in most cases employers are able to cover the same needs with a different contract format, so that contracts of longer duration than in the previous year”, Valentín praised Bote, director of Randstad Research.
He even pointed out that his forecast is that in certain activities and sectors, such as in the current summer campaign, companies will resort to the discontinuous permanent contract to respond to temporary needs.
The biggest growth was in agriculture, with an increase of 368.5%, followed by construction with 286.4%. Already with more moderate increases, the services sector (213.3%) – leading in volume of companies: more than 1.8 million – and manufacturing (126.1%).
Due to economic activities, the hotel sector, where up to May the most permanent contracts were signed, with a total of 535,320, is also the largest increase in the entire economy (+587.1%). With more discrete figures, trade (351,676 contracts and an increase of 164.5%), primary sector (240,558 and +368.5%), construction (230,328 and +286.4%) and administrative and support activities ( 205,923 and +212.7%).
According to age groups, the open-ended contracts signed with young people under 25 were the ones that saw the biggest increase until May, almost 400% compared to last year, to almost half a million, meaning they have increased fivefold.
The age group that signed the highest number of permanent contracts was 25 to 45 years old, with 1,358,162 contracts until May, 194.3% more than in the same period of 2021. For their part, those more than 45 691,231 permanent contracts were signed in the first five months, 197.9% more.
Source: La Verdad
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.