Labor market survey: most employers plan to raise wages this year

By: Trademagazin Date: 2023. 02. 24. 10:34

The majority of employers are planning a wage increase this year, and the employees also expect this due to the significant price increases, the company that gives a wage increase smaller than inflation may face an increase in turnover – the labor market service provider Wyser announced the findings of its own survey to MTI.

According to the headhunting company’s survey entitled “Challenges of HR managers 2023”, only 7 percent of employers do not plan to increase their salaries this year, and 2 out of 10 employees do not expect a salary increase.

44 percent of the workers would be satisfied with a salary increase of between 10-20 percent, but 35 percent of them would like a salary increase of between 20-30 percent.

Balázs Mihályi, the head of Wyser’s corporate business, indicated in the announcement that almost every company has now realized that they will be in serious trouble if they do not raise wages, but only a few are expected to be able to implement a wage increase of over 20 percent.