ProceduresGovernment

Collectors, Payers and Lenders

Occupation (3122) - 2023-Q4

  • 106k, Workforce
  • $7.06k MX, Average monthly salary
  • 36.4, Average age
  • 43.2, Weekly hours worked
  • 5.32, Weekly days worked
  • 10%, Workforce with second job
  • 32%, Informal Workforce
  • 12.7, Average years of Schooling

About Collectors, Payers and Lenders

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The workforce of Collectors, Payers and Lenders during fourth quarter of 2023 was 106k people, whose salary averaged $7.06k MX working around 43.2 hours per week.

The average age of Collectors, Payers and Lenders was 36.4 years. The workforce was distributed in 54.7% men with an average salary of $7.33k MX and, 45.3% women with average salary of $6.73k MX.

The best average salaries received by Collectors, Payers and Lenders were in Tamaulipas ($13.6k MX), Chihuahua ($11.3k MX), and Nuevo León ($11k MX) while the workforce was larger in Estado de México (14.2k), Guanajuato (10.5k), and Nuevo León (7.32k).

In terms of industries, the best average salaries were in Retail Trade of Computer Furniture, Equipment and Accessories; Telephones and other Communication Devices ($17.5k MX), Residential Building Construction ($16k MX), and Regulation and Promotion of Economic Developmen ($14.4k MX), while the workforce was concentrated on Business Administration Services (28.8k), Retail Trade of Household Furniture and other Household Goods (26.6k), and Financial Institutions for Economic Developmen (17.8k).

40.7% of the total informal workers correspond to women with an average salary of $4.67k MX and 59.3% to men with an average salary of $6.18k MX.

At the level of states, Guerrero had the highest percentage of informal workers with 100% corresponding to 1.29k from 1.29k workers, while the state with the lowest percentage of informal workers was Nuevo León with a 3.18% corresponding to 233 from 7.32k workers.

Workforce and Salaries Evolution

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  • 106k, Workforce 2023-Q4
  • $7.06k MX, Average monthly salary 2023-Q4

At fourth quarter of 2023, the people who worked as Collectors, Payers and Lenders were 106k being a 7.9% lower than the third quarter of 2023. (115k).

In the same period, an average salary of $7.06k MX was observed, registering an increase of 5.34%, compared to the third quarter of 2023 ($6.7k MX).

Workforce by State

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The states with the highest number of Collectors, Payers and Lenders during the fourth quarter of 2023 were Estado de México (14.2k), Guanajuato (10.5k), and Nuevo León (7.32k)

Comparing the first quarter of 2021 and the fourth quarter of 2023, the main positive variations occurred in Guanajuato and Jalisco with an increase of 4.54k (75.8%) and 3.74k (178%), respectively. On the other hand, the negative variations were accentuated in Ciudad de México and Nuevo León with a decrease of 9.38k (62.8%) and 2.58k (26%), respectively.

Salaries by State

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The states with the best average salaries for Collectors, Payers and Lenders during fourth quarter of 2023 were Tamaulipas ($13.6k MX), Chihuahua ($11.3k MX), and Nuevo León ($11k MX)

Comparing the first quarter of 2021 and the fourth quarter of 2023, the positive salary growth was higher in Quintana Roo and Chiapas with an increase of $6.6k MX (542%) and $6.25k MX (208%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en Tlaxcala and Baja California with a decrease of $6.43k MX (61.7%) and $5.64k MX (77.4%), respectively.

Average Salary and Workforce by Sex and Age

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Average Age 2023-Q4

  • 35, Women
  • 37.6, Men

At fourth quarter of 2023, the male workforce in Collectors, Payers and Lenders represented the 54.7% of the employed population and women 45.3%. The male and female workforce was higher in the age group 25 to 34 years (17k men and 20.7k women).

The highest average salary was $8.38k MX received by men from 25 to 34 years, while the lowest average salary was $4.92k MX received by women from 15 to 24 years.

* The data regarding salaries have low statistical precision so it should not be used as conclusions.

Average Salary and Workforce by Gender and Schooling Years

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Average Schooling in Years (2023-Q4)

  • 13.4, Women
  • 12.2, Men

At fourth quarter of 2023 the male workforce in Collectors, Payers and Lenders was higher in the educational segment with 10 to 12 years of schooling (27k), while the female workforce was higher in the educational segment with 16 to 18 years of schooling (21.6k).

The highest average salary was $9.13k MX received by women with 16 to 18 years of schooling, while the lowest average salary was $5.36k MX received by women with 10 to 12 years of schooling.

* The data regarding salaries have low statistical precision so it should not be used as conclusions.

Workforce and Salaries Distribution by Industries

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The visualization shows the distribution of Collectors, Payers and Lenders in different industries and economic sectors.

At fourth quarter of 2023, the workforce was higher in Business Administration Services (19.3%), Retail Trade of Household Furniture and other Household Goods (17.8%), and Financial Institutions for Economic Developmen (12%).

In the same period, the best average salaries were received in Retail Trade of Computer Furniture, Equipment and Accessories; Telephones and other Communication Devices ($17.5k MX), Residential Building Construction ($16k MX), and Regulation and Promotion of Economic Developmen ($14.4k MX).

Labor Informality

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Labor Informality

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Labor Informality 2023-Q4

  • 32%, Collectors, Payers and Lenders
  • 54.8%, Average Informality in Mexico

During the fourth quarter of 2023, the labor informality of Collectors, Payers and Lenders reached a 32%, which implied an increase from 5.99 percentage points compared to the third quarter of 2023  (26%).

The labor informality of this occupation was lower than informality at the country level in 22.7 percentage points during the fourth quarter of 2023.

Labor Informality by State

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Greater Labor Informality: 100%, Guerrero

Less Labor Informality: 3.18 %, Nuevo León

At fourth quarter of 2023, the states with the highest rate of labor informality in Collectors, Payers and Lenders were Guerrero (100%), Puebla (71.5%), and San Luis Potosí (67.3%).

The states with the lowest informality rate were Nayarit (10.1%), Chihuahua (5.85%), and Nuevo León (3.18%).

Labor Informality by Age and Education

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Workforce

The workforce of Collectors, Payers and Lenders during the fourth quarter of 2023 was higher in the age group with 25 to 34 years concentrating 37.6k workers of which 76.8% corresponds to formal employment (28.9k) and 23.2% to informal employment (8.72k).

Regarding the schooling years, the workforce was higher in the range with 10 to 12 years of schooling concentrating 44.7k workers of which 64.2%  corresponds to formal employment (28.7k) and 35.8% corresponds to informal employment (16k).