January 11, 2020
Argentina’s economy has contracted 6.2% during its worst recession since the 2008-2009 global recession. While most Global Institute employers have not made any changes to mitigate the recession, some employers have had to make adjustments during the economic downturn. Inflation is a significant challenge in Argentina. In 2019, inflation is estimated to be almost 36%. Medical inflation and salary increases were estimated to be 25% and 27%, respectively. Members discussed their approach to medical benefits for employees and retirees. They also discussed their mental health efforts in the context of their holistic well-being strategy, as well as work-life benefits.