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CEE business leaders plan to raise salaries in 2015

Analysis

Half of the executives polled by KPMG plan to increase salaries by up to 5% next year, Radio Poland reported. The most likely increase, as indicated by 37% of respondents, in the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia (CEE8), will be from 2.0% to 4.9%, according to KPMG. 

This is partly due to the fact that qualified workforce in becoming increasingly difficult to come by, with 41% of those polled giving this reason. As many of 28% think wage hikes should be based on higher productivity and a quarter of those polls quoted improved financial performance.

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