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Argentina
- Recruitment landscape
- Economic indicators
- Labor market
- Working life
Your global agency guide to...
Argentina
Argentina, with a GDP of $640.6 billion, ranks 22nd globally. Its main industries include food processing and motor vehicles. With an unemployment rate of 6.2%, Argentina has a stable labor market but faces gender participation gaps. The country houses a medium number of recruitment agencies, catering to diverse demands.
Argentina'S
AGENCY LANDSCAPE
500
Agencies operating in Argentina
A high number of agencies indicates a mature recruitment industry, marked by strong talent demand, established labor laws and economic stability.
15-18%
Typical fee range
Countries with higher fees imply finding talent is harder to find whilst lower fees indicate a high-volume, commoditized market.
Argentina'S
FEATURED AGENCIES
Page Group
Aliancers
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Argentina'S
GROSS DOMESTIC PRODUCT (GDP) RATING
22
WORLD RANKED
Argentina ranks 22nd in the world by current economic output
$641B
NOMINAL GDP (US$)
GDP reflects the overall size and economic strength of the country’s economy.
3
LATAM RANKED
Argentina is the 3rd biggest GDP in LATAM out of 20 countries in the region
GDP GROWTH (%)
The above chart compares how Argentina's GDP has grown, compared to the rest of the world and the LATAM region in the last 7 years.
Positive growth indicates an expanding economy, while negative growth or recession signifies economic contraction. Strong growth can encourage hiring, but slower growth might lead to freezes or layoffs, influencing talent sourcing as businesses adapt to changing market conditions and demands.
Argentina'S
CURRENCY AND CODE
AR$
Country currency
ARG
Country ISO code
Argentina'S
INFLATION RATE
249.8%
CURRENT RATE
▲116.3% INCREASE
Inflation represents the rate at which prices rise and purchasing power diminishes. High inflation may prompt employees to seek higher wages, potentially impacting company profitability. This situation could lead to budget constraints or hiring freezes, which might influence talent availability and sourcing strategies.
Argentina'S
COST OF LIVING
COST OF LIVING INDEX EXPLAINED
The cost of living has a direct impact on salary expectations and the competitiveness of compensation packages. It can influence the appeal of certain locations-while high-cost areas may attract highly skilled professionals looking for higher salaries, lower-cost areas can appeal to companies looking to minimize salary expenses or candidates seeking a better work-life balance.
Argentina'S
LABOUR STATISTICS
45M
POPULATION
With a population of 44,938,712, Argentina is a medium sized country by global standards. Argentina's youth population is just below the world average, indicating it may face challenges in labor market sustainability over time. The working population in Argentina is close to the world average, suggesting a stable labor market that can adequately meet the economy's demands. Argentina's elderly population is close to the world average, suggesting a manageable dependency ratio, where the working-age population can effectively support the elderly.
Argentina'S
RELIGION AND ETHNICITY
Religion
In religiously diverse countries, a broad sourcing and engagement approach whilst appealing to inclusive practices resonates with this candidate market. In contrast, in a homogeneous religious environment, understanding dominant cultural norms is often more important when engaging with talent.
Ethnicity
In ethnically diverse countries, there may be a greater variety of candidates with different cultural backgrounds and experiences. Employers may need to focus more on inclusive hiring practices to ensure they attract talent from across different ethnic groups.
Argentina'S
UNEMPLOYMENT RATE
6.2%
CURRENT PERCENTAGE
▼0.63% REDUCTION
Argentina has an unhealthy unemployment rate, suggesting there may be some economic or structural challenges . Between 2022 and 2023, there was a moderate decrease, suggesting a positive shift toward better economic stability and improvement in job availability
Argentina'S
TOP PERFORMING INDUSTRIES
Top industries
Food processing
Motor vehicles
Chemicals and petrochemicals
Argentina'S
GENDER DEMOGRAPHICS
RATIO OF MALES TO FEMALES (BY AGE)
LABOUR PARTICIPATION BY GENDER (%)
71
/
51
Male | Female
In Argentina there is a large gap in participation rates between males and females, indicating significant structural or cultural barriers preventing more equal gender parity.
Argentina'S
WORKING LIFE
19DAYS
Minimum annual holidays
Minimum annual holidays reflect mandated leave. Hiring in countries with high allowances (over 25 days) will require emphasizing work-life balance when recruiting. In countries with fewer holidays (under 15 days), offering additional leave can enhance recruitment and set the organization apart.
40HRS
Average working full time week
Standard work hours are typically 8 hours/day, 40 hours/week, Monday to Friday, including a 1-hour lunch. Some schedules may extend to 48 hours/week.
Argentina'S
TOP BENEFITS
90DAYS
Maternity leave
Maternity: 90 days paid, 45 pre-birth flexible, 100% salary by Social Security, optional extension at 25% pay. Paternity: 2 days paid, post-birth, full salary by employer. Parental: No specific law in Argentina.
3MONTHS
Sick leave
Employees get paid sick leave based on seniority: under 5 years get 3 months; over 5 years get 6 months. They must provide a medical certificate. Additionally, paid leave is allowed for marriage (10 days), death in the family (3 days), and exams (2 days per exam, max 10 days/year).
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