Salaries to grow 2.1 pct in 2015

Raise to follow the 1.9 per­cent av­er­age in­crease this year, a survey has shown, as op­ti­mism starts to spread

Kathimerini English - - Front Page -

While most econ­o­mists are an­tic­i­pat­ing the Greek econ­omy’s of­fi­cial re­turn to growth with the re­lease of third-quar­ter data to­mor­row, salaries are show­ing an av­er­age rise of 1.9 per­cent this year with an ex­pected in­crease of 2.1 per­cent in 2015, ac­cord­ing to Aon Hewitt’s an­nual survey on salary growth.

The survey, con­ducted across 120 coun­tries, saw the par­tic­i­pa­tion of more than 80 lo­cal compa- nies ac­tive in the econ­omy’s most im­por­tant pro­duc­tion sec­tors.

It showed that with­out any sig­nif­i­cant changes in their po­si­tion, em­ploy­ees can ex­pect a 2.1 per­cent raise next year.

Hes­i­tant on spend­ing

Ac­cord­ing to the survey that will be the case de­spite the fact that most en­ter­prises re­main hes­i­tant about adding to their fixed ex­pen­di­ture and are in­creas­ingly turn­ing to­ward al­ter­na­tive forms of salaries and bonuses.

The av­er­age in­crease recorded in this year’s salaries came to 1.9 per­cent, Aon Hewitt data showed, with the big­gest rise recorded in the ser­vices sec­tor (up 2.2 per­cent).

In­dus­try fol­lowed with 2.1 per­cent growth, with prospects for a fur­ther in­crease in 2015.

A sig­nif­i­cant share of re­spon­dents said that the pre­cau­tion­ary mea­sures be­ing taken to re­duce risks for en­ter­prises in to­day’s un­cer­tain mar­ket do not re­ally con­cern salary pol­icy (with the trend of flex­i­ble em­ploy­ment grow­ing), as 82 per­cent of the sur­veyed com­pa­nies said they do not ex­pect any re­duc­tions in salaries in 2015.

More hir­ings

Their op­ti­mism is strength­ened fur­ther by the fact that a remark- able 81 per­cent of en­ter­prises have al­ready pro­ceeded to hir­ings, with 63 per­cent of those sur­veyed say­ing that the salaries of those to be hired will ex­ceed the min­i­mum wage level in 2015.

“The fu­ture ap­pears quite pos­i­tive, as com­pa­nies are now over­com­ing a dif­fi­cult junc­ture, re­sult­ing in em­ploy­ees too ex­pect­ing a bet­ter salary en­vi­ron­ment,” said Aon Hewitt’s salary con­sul­tant in Greece, Niko­laos Balout­sos.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.