It is now official that More than 100,000 workers at a supermarket chain will receive additional income this year as part of a package of measures that includes bonuses, bonuses and salary updates. According to Jornal Económico, Mercadona will distribute more than 1,000 million euros to 112,000 employees in Portugal and Spain, of which more than 25 million relate to the Portuguese market.
The company, with origins in Valencia and a consolidated presence in the Iberian Peninsula, frames this decision as part of a strategy to strengthen the purchasing power of the teams. According to the same source, a significant part of this amount results from the sharing of 780 million euros of profits through a variable prize associated with the achievement of targets.
How the amount is distributed
In detail, the 25 million euros allocated to Portugal correspond to the sum of annual prizes and extraordinary bonuses. The newspaper writes that these amounts are equivalent to one or two monthly salaries, plus an additional salary, all dependent on goals achieved.
“More specifically, the annual bonuses correspond to remuneration equivalent to one monthly salary for those with less than four years of service and two monthly salaries for those who exceed this period; to these, there is also an extraordinary bonus of one monthly salary”, explains Mercadona, cited by the publication.
What workers receive in Portugal
In practical terms, a base worker in Portugal with four years of service received 7,000 euros gross. According to the same source, of this total, 5,115 euros relate to annual premiums and extraordinary bonuses.
The remuneration policy also includes a salary adjustment linked to the consumer price index. The publication adds that salaries were increased by 2.2% in Portugal and 2.9% in Spain, a measure that represents an annual burden of 125 million euros for the company.
Vacations and financial impact
In addition to bonuses and salary adjustments, Mercadona announced in December a change in work organization. According to , workers in Portugal now benefit from an additional week of vacation, which can reach up to 29 working days.
This measure has an estimated annual cost of 100 million euros, of which four million are attributable to the Portuguese operation. The same source says that, taken together, all the initiatives represent a financial effort of more than one billion euros.
Management model and strategy
The company fits these decisions into its internal management model. “They confirm that their management model, the Total Quality Model, invests and invests in employee satisfaction, aware that they are primarily responsible for the company’s success and the greatest asset for ‘Boss’”, states Mercadona, quoted by the newspaper, using the internal designation attributed to customers.
The retailer presents these measures as part of an ongoing strategy to value teams, combining performance bonuses, salary adjustments and improved working conditions.
With this extraordinary distribution and other initiatives, more than 100 thousand workers in the Iberian Peninsula will see an increase in their annual income this year, in a model that associates financial results with team performance.
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