Group (12) - 2024-Q2
The workforce of Directors and Managers in Financial, Administrative and Social Services during second quarter of 2024 was 384k people, whose salary averaged $12.8k MX working around 41.9 hours per week.
The average age of Directors and Managers in Financial, Administrative and Social Services was 43.7 years. The workforce was distributed in 53.7% men with an average salary of $14.7k MX and, 46.3% women with average salary of $10.6k MX.
The best average salaries received by Directors and Managers in Financial, Administrative and Social Services were in Baja California Sur ($31.1k MX), Tabasco ($22.4k MX), and Campeche ($21.8k MX) while the workforce was larger in Ciudad de México (82.4k), Estado de México (47.5k), and Nuevo León (40.2k).
In terms of industries, the best average salaries were in Rental and Leasing of Automobiles, Trucks and other Road Transportation Vehicles ($70k MX), Food Catering Services ($60.2k MX), and Nonmetallic Ore Mining ($60k MX), while the workforce was concentrated on Higher Technical Education Schools (101k), Legal Services (68.8k), and Basic, Middle and Special Needs Education Schools (44k).
26.3% of the total informal workers correspond to women with an average salary of $7.52k MX and 73.7% to men with an average salary of $4.09k MX.
At the level of states, Hidalgo had the highest percentage of informal workers with 30.1% corresponding to 1.25k from 4.17k workers, while the state with the lowest percentage of informal workers was Sinaloa with a 1.35% corresponding to 172 from 12.8k workers.
At second quarter of 2024, the people who worked as Directors and Managers in Financial, Administrative and Social Services were 384k being a 0.85% lower than the first quarter of 2024. (387k).
In the same period, an average salary of $12.8k MX was observed, registering an increase of 2.94%, compared to the first quarter of 2024 ($12.4k MX).
The states with the highest number of Directors and Managers in Financial, Administrative and Social Services during the second quarter of 2024 were Ciudad de México (82.4k), Estado de México (47.5k), and Nuevo León (40.2k)
Comparing the first quarter of 2021 and the second quarter of 2024, the main positive variations occurred in Nuevo León and Estado de México with an increase of 11k (37.9%) and 2.85k (6.37%), respectively. On the other hand, the negative variations were accentuated in Veracruz de Ignacio de la Llave and Hidalgo with a decrease of 11.9k (70%) and 9.64k (69.8%), respectively.
The states with the best average salaries for Directors and Managers in Financial, Administrative and Social Services during second quarter of 2024 were Baja California Sur ($31.1k MX), Tabasco ($22.4k MX), and Campeche ($21.8k MX)
Comparing the first quarter of 2021 and the second quarter of 2024, the positive salary growth was higher in Baja California Sur and Tabasco with an increase of $14.8k MX (90.4%) and $6.21k MX (38.4%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Estado de México and Quintana Roo with a decrease of $11.5k MX (76.9%) and $8k MX (51.2%), respectively.
Average Age 2024-Q2
At second quarter of 2024, the male workforce in Directors and Managers in Financial, Administrative and Social Services represented the 53.7% of the employed population and women 46.3%. The male and female workforce was higher in the age group 35 to 44 years (70.6k men and 58.1k women).
The highest average salary was $20.8k MX received by men from 25 to 34 years, while the lowest average salary was $9.25k MX received by women from 35 to 44 years.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
Average Schooling in Years (2024-Q2)
During the second quarter of 2024, male and female workforce in Directors and Managers in Financial, Administrative and Social Services was concentrated in the educational segment with 16 to 18 years of schooling (170k men and 136k women).
The highest average salary was $26k MX received by men with more than 18 years of schooling, while the lowest average salary was $6.32k MX received by women with more than 18 years of schooling.
* The data regarding salaries have low statistical precision so it should not be used as conclusions.
The visualization shows the distribution of Directors and Managers in Financial, Administrative and Social Services in different industries and economic sectors.
At second quarter of 2024, the workforce was higher in Higher Technical Education Schools (20.4%), Legal Services (14%), and Basic, Middle and Special Needs Education Schools (8.94%).
In the same period, the best average salaries were received in Rental and Leasing of Automobiles, Trucks and other Road Transportation Vehicles ($70k MX), Food Catering Services ($60.2k MX), and Nonmetallic Ore Mining ($60k MX).
Labor Informality 2024-Q2
During the second quarter of 2024, the labor informality of Directors and Managers in Financial, Administrative and Social Services reached a 10.3%, which implied an increase from 2.27 percentage points compared to the first quarter of 2024 (8.06%).
The labor informality of this occupation was lower than informality at the country level in 43.9 percentage points during the second quarter of 2024.
At second quarter of 2024, the states with the highest rate of labor informality in Directors and Managers in Financial, Administrative and Social Services were Hidalgo (30.1%), Tlaxcala (29.8%), and Nayarit (29.7%).
The states with the lowest informality rate were Zacatecas (1.85%), Colima (1.41%), and Sinaloa (1.35%).
The workforce of Directors and Managers in Financial, Administrative and Social Services during the second quarter of 2024 was higher in the age group with 35 to 44 years concentrating 129k workers of which 93.6% corresponds to formal employment (120k) and 6.38% to informal employment (8.21k).
Regarding the schooling years, the workforce was higher in the range with 16 to 18 years of schooling concentrating 306k workers of which 90.5% corresponds to formal employment (277k) and 9.47% corresponds to informal employment (28.9k).