Salaries rising at 12% yoy as labor shortage takes hold

Raising wages are a reflection of very high demand for labor and this was reflected in the fact that employment went up 5% in November as compared to the same period last year. "Certainly over the last year salaries rose substantially, most of all for specialists. One remunerates skills and knowledge," said Marlena Adamska of furniture company Nowy Styl. According to the Polish Confederation of Employers (KPP), the economy is short of 250,000 qualified workers and of this group every fourth person would be employed in the construction sector. "Enterprises now realize that their profits are not as high as they anticipated. Certainly this is influenced by continuously growing remunerations," said Maria Drozdowicz of the Warsaw School of Economics (SGH). (Rzeczpospolita, pp. A1, B1; Puls Biznesu, pp. 1, 10; Parkiet, pp. 1, 15) M.M.