Mercadona, the leading supermarket chain founded in Valencia, has announced a significant wage increase for all its employees, effective January 1, 2025. The company will implement an 8.5% salary boost aimed at improving the purchasing power of over 100,000 workers across Spain and Portugal.
This announcement was confirmed by Mercadona’s Committee of Direction, underscoring the company's commitment to its employees amid rising inflation. The increase will result from the sum of the Consumer Price Index (CPI) relevant to each country and a percentage determined by the company's management.
Starting next year, the basic salary for new employees will rise to €1,685 gross per month, marking a 27% increase over the Minimum Interprofessional Salary (SMI). Those who have been with the company for more than four years will see their salaries reach €2,280 gross per month, translating to 72% more than the SMI.
Mercadona’s decision aligns with its long-standing policy to prioritize employee well-being. This is not just about the salary increase; the company has also committed to distributing extraordinary bonuses alongside its traditional results bonuses, which have been part of its incentive structure since 2001. This policy emphasizes the importance of shared success between the corporation and its workforce.
"The aim is to share profits, improving both employee satisfaction and overall business performance," said the Committee. With this wage adjustment, Mercadona continues to set itself apart as one of the most attractive employers not only in Spain but also in Portugal, solidifying its reputation as a company invested in the welfare of its employees.
According to the Valencian Institute for Economic Investigations, Mercadona’s operations contributed approximately 2.1% of Spain's GDP and 3.7% of employment as of 2021. This not only highlights the supermarket’s economic impact but also reflects its role as a cornerstone for local employment and community support.
For existing employees, salaries will adjust based on their tenure with the company. Here’s how the salary structure will look starting January 2025:
- Less than one year of service: €1,685 gross per month (27% more than the SMI).
- 1 to 2 years of service: €1,851 gross per month.
- 2 to 3 years of service: €2,054 gross per month.
- More than 4 years of service: €2,280 gross per month (72% more than the SMI).
Beyond the base salary, full-time employees will also receive between one and two additional monthly salaries as bonuses based on performance, depending on their seniority. Every year, employees have the opportunity to earn these bonuses after meeting set objectives, fostering motivation and achievement within the company.
Joining Mercadona has become even more appealing due to these recent developments. Interested candidates can navigate the company’s official employment page to explore job vacancies and follow application procedures. Those wishing to apply should be prepared to submit their online applications, including their resume and cover letter, and potentially undergo interviews to discuss their skills and motivations.
Through these efforts, Mercadona not only prepares for future growth but also ensures its workforce is well-equipped and rewarded for their contributions. By investing significantly both financially and strategically, Mercadona is enhancing its appeal as both an employer and key player within the European retail sector.
This significant salary raise is expected to have positive repercussions, increasing employee satisfaction and loyalty, which, in turn, will help the company maintain its strong position within the competitive supermarket industry. It’s clear—Mercadona is not just about selling groceries; it’s about valuing the people who make it all possible.
