The Labor Market in 2008
December 13, 2007Rainfall
The changes that the companies policies related to salaries will undergo in 2008, not only will attract and retain the employees, but they will also increase their loyalty.
This all happens due to continuous expansion of the companies, the increased deficit of personnel, and the increased personnel fluctuation (in 2007, the voluntary personnel fluctuation increased to 21% compared to 15.9% in 2006).
It is estimated that, in case the level of inflation will continue to increase in 2008, the salaries will also rise up to 15%.
In 2008, the average values of salaries increases for top management positions will be between 10% and 15%, for executive positions up to 11%, while the salaries for unqualified positions will rise up to 25%, because of the increase of the minimum salary.
Besides these increases, employers become more and more inventive in granting benefices in order to keep their employees’ loyalty:
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