Collectors, Payers and Lenders

Occupation (3122) - 2021-Q2

  • 117k, Workforce
  • $5.64k MX, Average monthly salary
  • 36.9, Average age
  • 42.9, Weekly hours worked
  • 5.44, Weekly days worked
  • 1.63%, Workforce with second job
  • 34.9%, Informal Workforce
  • 12.1, Average years of Schooling

About Collectors, Payers and Lenders

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The workforce of Collectors, Payers and Lenders during second quarter of 2021 was 117k people, whose salary averaged $5.64k MX working around 42.9 hours per week.

The average age of Collectors, Payers and Lenders was 36.9 years. The workforce was distributed in 64.3% men with an average salary of $5.08k MX and, 35.7% women with average salary of $6.65k MX.

The best average salaries received by Collectors, Payers and Lenders were in Nayarit ($14k MX), Ciudad de México ($12.3k MX), and Nuevo León ($9.12k MX) while the workforce was larger in Estado de México (14.9k), Yucatán (14k), and Ciudad de México (10.3k).

In terms of industries, the best average salaries were in Product Manufacturing Nonmetallic Minerals ($28k MX), Foundation, Structure, and Building Exterior Contractors ($24k MX), and Psychiatric and Substance Abuse Hospitals ($14k MX), while the workforce was concentrated on Nondepository Credit Intermediation (22.2k), Retail Trade of Furniture for Home and other Household Goods (21.3k), and Business Administration Services (19.4k).

33.7% of the total informal workers correspond to women with an average salary of $6.52k MX and 66.3% to men with an average salary of $4.12k MX.

At the level of states, Yucatán had the highest percentage of informal workers with 86.7% corresponding to 12.2k from 14k workers, while the state with the lowest percentage of informal workers was Guerrero with a 4.33% corresponding to 110 from 2.54k workers.

Workforce and Salaries Evolution

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  • 117k, Workforce 2021-Q2
  • $5.64k MX, Average monthly salary 2021-Q2

At second quarter of 2021, the people who worked as Collectors, Payers and Lenders were 117k being a 9.24% lower than the first quarter of 2021. (129k).

In the same period, an average salary of $5.64k MX was observed, registering an increase of 2.87%, compared to the first quarter of 2021 ($5.48k MX).

Workforce by State

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Top 1 Workforce 2021-Q2: 14.9k, Estado de México

Greater Increase in Workforce 2021-Q1/ 2021-Q2: 2.52k, Sinaloa

Greater Decrease in Workforce 2021-Q1/ 2021-Q2: 4.24k, Jalisco

The states with the highest number of Collectors, Payers and Lenders during the second quarter of 2021 were Estado de México (14.9k), Yucatán (14k), and Ciudad de México (10.3k)

Comparing the first quarter of 2021 and the second quarter of 2021, the main positive variations occurred in Sinaloa and Puebla with an increase of 2.52k (57.6%) and 2.45k (88.8%), respectively. On the other hand, the negative variations were accentuated in Jalisco and Nayarit with a decrease of 4.24k (76%) and 3.78k (77.9%), respectively.

Salaries by State

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Top 1 Average Salary 2021-Q2: $14k MX, Nayarit

Greater Salary Increase 2021-Q1 / 2021-Q2: $8.57k MX, Ciudad de México

Greater Salary Decrease 2021-Q1 / 2021-Q2: $5.73k MX, San Luis Potosí

The states with the best average salaries for Collectors, Payers and Lenders during second quarter of 2021 were Nayarit ($14k MX), Ciudad de México ($12.3k MX), and Nuevo León ($9.12k MX)

Comparing the first quarter of 2021 and the second quarter of 2021, the positive salary growth was higher in Ciudad de México and Jalisco with an increase of $8.57k MX (228%) and $5.13k MX (133%), respectively. Por otro lado, las variaciones salariales negativas se acentuaron en San Luis Potosí and Nayarit with a decrease of $5.73k MX (85.9%) and $4.93k MX (26%), respectively.

Average Salary and Workforce by Sex and Age

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Average Age 2021-Q2

  • 34.7, Women
  • 38.1, Men

At second quarter of 2021, the male workforce in Collectors, Payers and Lenders represented the 64.3% of the employed population and women 35.7%. The male workforce was higher in the age group of 25 to 34 years (23.6k), while the female workforce was higher in the age group of 35 to 44 years (15.5k).

The highest average salary was $8.99k MX received by women from 35 to 44 years, while the lowest average salary was $3.02k 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 (2021-Q2)

  • 12.8, Women
  • 11.7, Men

During the second quarter of 2021, male and female workforce in Collectors, Payers and Lenders was concentrated in the educational segment with 10 to 12 years of schooling (30.6k men and 16.7k women).

The highest average salary was $8.04k MX received by women with 10 to 12 years of schooling, while the lowest average salary was $3.1k MX received by men with 7 to 9 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 second quarter of 2021, the workforce was higher in Nondepository Credit Intermediation (24.1%), Retail Trade of Furniture for Home and other Household Goods (23.1%), and Business Administration Services (21%).

In the same period, the best average salaries were received in Product Manufacturing Nonmetallic Minerals ($28k MX), Foundation, Structure, and Building Exterior Contractors ($24k MX), and Psychiatric and Substance Abuse Hospitals ($14k MX).

Labor Informality

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Labor Informality

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Labor Informality 2021-Q2

  • 34.9%, Collectors, Payers and Lenders
  • 56.1%, Average Informality in Mexico

During the second quarter of 2021, the labor informality of Collectors, Payers and Lenders reached a 34.9%, which implied an increase from 9.6 percentage points compared to the first quarter of 2021  (25.3%).

The labor informality of this occupation was lower than informality at the country level in 21.1 percentage points during the second quarter of 2021.

Labor Informality by State

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Greater Labor Informality: 86.7%, Yucatán

Less Labor Informality: 4.33 %, Guerrero

At second quarter of 2021, the states with the highest rate of labor informality in Collectors, Payers and Lenders were Yucatán (86.7%), Colima (82.9%), and Puebla (70.6%).

The states with the lowest informality rate were Nayarit (6.54%), Michoacán de Ocampo (6%), and Guerrero (4.33%).

Labor Informality by Age and Education

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Workforce

The workforce of Collectors, Payers and Lenders during the second quarter of 2021 was higher in the age group with 25 to 34 years concentrating 37.8k workers of which 62% corresponds to formal employment (23.4k) and 38% to informal employment (14.4k).

Regarding the schooling years, the workforce was higher in the range with 10 to 12 years of schooling concentrating 47.4k workers of which 64.7%  corresponds to formal employment (30.6k) and 35.3% corresponds to informal employment (16.7k).