Similar tendencies should be predominant in 2014 when wages are anticipated to rise by three per cent
According to Eligijus Kajieta, Manager for Baltic nations, productized services at Hay Group, which has analysed the dimensions of remuneration in Lithuania, discovered out that most companies are in no hurry to boost pay. “(…) 29 per cent of companies have iced their salaries and the prospects aren’t too brilliant. It is approximated that salaries will increase by three per cent,” he said.
Mr. Kajieta said that there are two causes for slow remuneration development. The first is the need of economic assets and insufficient profitability. The second is endeavours by businesses not to boost fixed economic obligations – basic salaries. rather than variable constituents of remuneration are reconsidered and new designs implemented in alignment for workers to profit from more if they manage to persuade certain criteria.
In 2013 salaries of employees and juvenile professionals were bigger most frequently. Remuneration grew for 80 per cent of persons in these classes. This was leveraged by the development of the minimum wage and the situation in the labour market.
Wages in other categories were bigger less frequently – for 53 per cent of specialists, 58 per cent of middle administration and 45 per cent of peak administration.
The analyst said that it is common in the west for rudimentary wages to constitute only 20 per cent of the entire fee, while in Lithuania most of the pay is a rudimentary salary.
It is anticipated that in 2014 most experts and middle administration will glimpse a rise in fee, as 73 per cent of employers are projecting to increase rudimentary salaries.