LABOUR MARKET AND SALARY LEVELS ACROSS SECTORS
PERSPECTIVES FOR 2023
The development of the labour market is mainly influenced by rising commodity prices and a high inflation rate. Despite this, the demand for skilled talent remains high, even as employers face many recruitment challenges. These include cost efficiency, increasing wage demands of applicants, optimisation of recruitment strategies and employee retention.
91% of employers plan to hire qualified staff in 2023
49% of specialists plan to change their career in 2023
INFLATION FUELS SALARY RISES IN 2022
Rising inflation increases the pressure on salaries and people's expectations. But as operational costs grow, it is not always easy or even possible to meet the demands of employees and job seekers. Many organisations increased salaries across the board by up to ten percent. However, some preferred a case by case basis for deciding who would get a raise. How will this affect company morale in 2023?
37% of companies increased salaries by 5-9.9%
17% of companies increased salaries on individual basis
WHAT DO PEOPLE WANT?
It's no surpise the most common reason for changing jobs is salary, followed by career or personal development. If the new role gets them a higher salary, employees are looking for bot personal and professional fulfillment. The nature of the work and maintaining a work-life balance are of almost equal importance. A good work-life blance includes the employer being flexible on both working hours and having a working from home policy.
61% of applicants say the job description is most important outside of salary
60% of employees require remote and flexible working
EMPLOYEES WANT TO MAINTAIN THE HYBRID MODEL
Last year, one of the hot topics was the return to the offices. Regular face-to-face interaction with colleagues is important, but they want to maintain some degree of flexibility and the ability to work from home, even if they don't always use it. If a job offer doesn't have the option of working from home, it could put off a large number of potential candidates. How will organisation looking to go back to the office full-time attract talent in 2023?
66% of employees can work from home at least 2 days a week
48% of employees would not accept a job offer without the possibility of working from home
30th August 2023
2nd October 2023
21st September 2023