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.

ADVERTISEMENT

Editorial: The Economics of Soccer Success Analysis

Editorial: The Economics of Soccer Success

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.