Employment up, but wages are rising slowly. “Wage growth disappointed” – TVN24 BiS

In December 2016. average employment in the enterprise sector increased by 3.1 percent. rdr., and the average gross wage grew by 2.7 percent. rdr, to more than 4.6 thousand rubles – was transferred to the environment GUS. Experts draw attention to the disappointing average wage growth.

In December 2016. average employment in the enterprise sector was higher by 3.1 percent. than the previous year, and amounted to 5 million 798,9 thousand people passed on Wednesday the main statistical Office. The Department also reported that average monthly gross wage was higher by 2.7 percent. compared with December 2015 and amounted to 4 thousand rubles 635,77.

Economists with whom she spoke, PAP szacowali that in December, wages in the enterprise sector will rise by 3.8 percent.

wage disappoints

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PKO BP Experts noted that “disappointed with the dynamics of wages at the end of the year could be due to the high volatility of the dynamics in the beginning of the year (payout premium).

in Their opinion, in 2017. wages will increase by 5.7 percent. “Source pressure line payment can be changes in the migration policy of the EU, which allows visa-free entry for citizens of Ukraine. The outflow of Ukrainian workers from Poland much of the Zerg pressure on wage growth,” wrote in the comments.

Also appreciated GUS data, the experts of BZ WBK, which wrote that “wage growth disappointed,” releasing up to 2.7 percent. rdr, that is, the lowest level since mid-2015. “The situation in which, despite still strong demand for labor, the increase in the number of vacancies and deepening labor shortages, wage growth is decelerating, instead of accelerating it seems pretty awesome. It is possible that low wage growth in December resulted partly from factors, disposable (for example, an offset of payments of bonuses in mining); perhaps, more detailed data (25 January), would shed some more light on this issue,” – said.

Source: GUS Average employment and wages in the enterprise sector in December 2016

slowdown

Pekao Analysts “blame” for the decline in December the dynamics of the wage premium obarczyli suspension in the mining industry. “In our view, the slowdown in wage growth in December, mainly due to the exacerbation itself downward momentum in the mining industry, therefore, limits the payment of bonuses in the largest companies prey” – convince.

Also the experts of Raiffeisen Bank Polska write in the comments about the “mild disappointment”. “Employment momentum at 3.1 percent. rdr, wage growth slowed, however, to 2.7 percent. rdr against 4.0 percent. rdr in November. Add to that the weakening purchasing power of wage by the return of inflation, real wage growth was at 1.9 percent. rdr. We estimate that there has been for several months, the slowdown in wage growth is primarily the result of lower in the second half of 2016 economic growth,” he said.

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In the coming months do not expect a “further decline of wages.” “Economic growth should gradually accelerate for, and in many sectors of the economy remains a shortage of workers. Nominal wages dynamics can even be a little accelerated, and the slowdown can relate to, rather, wage growth in real terms” is provided.

hiring

according to Krzysztof As Work Service, employment Agency, data from the end of the year confirm that in Poland there is a growing demand for employees, but clearly the wage growth still ahead.

From our research it follows that almost 2/3 of the candidates change jobs because he wants to get higher rates. Much indicates that in 2017, these expectations to a greater extent will be performed. From the first of January we have 8 percent. a higher minimum wage, and the resulting inflation and increased competition for workers should translate into higher wages more than 5 percent. rdr. – Inglot provides.

In November last year, reported the results of the report Work Sevice. Watch an interview with Maciej Wituckim (21.11.2016):