Wage growth will slow down to 5-7% next year

The pace of wage growth will slow down to 5-7% next year from this year’s 6-8%, and wage hikes will be the highest in low-wage regions, predicts Grafton Recruitment, a staffing agency. This year already sees the highest wage hikes in the worst-paid positions, due in part to the increase in minimum wage and pay for weekend and night work. The slower wage growth next year will come on the back of a softer economy and expected lower productivity growth in the automotive sector. Companies are responding to labor shortages by investments into automation. They experience high turnover when trying to employ foreigners.

(teraz.sk)