Trenkwalder: 55 percent of employees in the private sector expect their financial situation to deteriorate this year
At the beginning of the year, 55 percent of the employees working at enterprises received a salary increase, the amount of the increase did not exceed 10 percent for almost half of them. 17 percent are those who do not expect a salary increase at all this year, according to Trenkwalder’s labor market research conducted at the end of February.
The level of inflation has been higher than the rate of wage growth since autumn, that is, real wages started to decline almost half a year ago, and according to market estimates, a real wage decrease of around 4 percent is likely in 2023. In this situation, Trenkwalder asked 500 employees working in the private sector about their attitudes regarding their salary and their current workplace.
The effects of the currency deterioration are also felt by employees, which also contributes to the fact that 43 percent of respondents are dissatisfied with their current salary level. 35 percent of those dissatisfied with their salary would be satisfied with a salary increase of 20 percent, another 24 percent would consider an additional income of 20-30 percent adequate. Of course, the majority does not expect their expectations to be fulfilled this year, accordingly 55 percent expect that their financial situation will worsen this year compared to last year.
Related news
There was a county where the number of advertised jobs increased by a fifth, while elsewhere the number of advertised jobs decreased by the same amount – Profession.hu quarterly report
With the exception of two counties, the number of applications…
Read more >How much student work can be used to earn the money for a festival ticket? – An expert answers
This year’s summer vacation is already in full swing and…
Read more >Employer Brand Research 2024 – Global Report
The latest global report of the Randstad Employer Brand Research…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >