In H2 2024, the average wage per capita (SMPT) in the non-agricultural market branches continued to increase, but at a less sustained pace than at the start of the year (+0.3% in Q3 2024 then +0.5% in Q4, after +0.7% per quarter in H1 2024. This improvement was hindered mainly due to fewer payouts under the value sharing bonus scheme (PPV) at the end of the year than in previous years: thus, year on year, the SMPT increased by 2.2% in Q4, after +2.6% in Q3. Meanwhile, the basic monthly wage (SMB) accelerated slightly at the end of 2024 (+0.6% after +0.5% in Q3), due to the anticipated increase in the minimum wage by 2.0% on 1st November. Between Q1 and Q4 2024, the year-on-year variation in the SMB dropped from +3.3% to +2.8%...