What will happen to salaries next?

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Despite the war, the Ukrainian labor market continues to develop. In 2023, the number of vacancies is setting records every month and has already crossed the mark of 90,000 vacancies - this is a 90% recovery. Competition for work has also reached pre-war levels. All this indicates that the labor market is returning to the seeker, when he chooses where and with whom to work, taking into account the level of remuneration.

The situation is compounded by a shortage of personnel. argentina telegram data Experts estimate the deficit of the working-age population at up to 30% due to the migration of Ukrainians abroad and mobilization into the ranks of the Armed Forces of Ukraine. As can be seen from the survey, the size of the salary is an important argument in the decision to leave the company or stay. Accordingly, it is one of the levers for retaining employees in the company.

An important factor influencing salary revisions is the saturation of the industry with vacancies. When the number of vacancies in the industry reaches pre-war levels, employers are even more faced with a shortage of qualified personnel and resort to salary revisions.