As few as 20 percent of companies surveyed by Grant Thornton, a professional services concern, are planning wage increases for this year. In 2019, 36 percent of employers planned to raise wages.
“As the study shows, currently only 20 percent of companies plan to increase their employees’ salaries in real terms,” states the report published by the accounting firm.
Factoring in inflation, it means that “2020 would bring a clear decline in wage growth in Poland,” adds the report.
The authors of the report have added that Polish employers intend to significantly increase employment in 2020.
“According to our study, currently 24 percent of medium and large companies are planning to create new jobs this year. This result is almost the same as last year’s (23 percent) and the highest in the 10-year history of the survey,” the authors said.
The survey is conducted every year using computer-assisted personal interviewing on a random group of 10,000 representatives of management boards of medium and large companies from 32 countries, including 32 operating in Poland.