American companies in Poland plan to mitigate the effects of inflation and tax reforms

The American Chamber of Commerce in Poland conducted a survey among its members on plans to create new jobs and mitigate the effects of price and tax increases in the context of employee wages.

American companies confirmed in their responses the long-term development trend in Poland and most of them indicated that they intend to increase employment in the coming year. In turn, when it comes to the negative effects of inflation and tax reforms for employees, one-third of the surveyed companies announced measures to mitigate the decline in real wages. Most of these enterprises announce wage increases, and the declared average increase in the surveyed companies will amount to 10 percent. At the same time, the respondents emphasize that changes in salaries will depend on the type of positions and the value of salaries that would be increased.

“Apart from the answers to the questions, the surveyed companies provided us with many opinions and comments, in which they, first of all, pay attention to the need for a longer vacatio legis with such significant changes to the tax system. It would allow both for better preparation of payroll systems, as well as for proper familiarization with the introduced regulations by both employees and employers," Dominika Fox-Matulewicz, Executive Director of the American Chamber of Commerce in Poland, said.

(WBJ)