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Some 70 percent of Estonian executives intend to raise wages this year and 11 percent are planning a pay increase of more than 5 percent, it appears from a study conducted by PricewaterhouseCoopers.
Pay rises planned by 70 pct of Estonian execs - survey
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Nearly half of the polled also plan to hire more staff during the year and a fifth of the respondents increased personnel by more than 8 percent last year, the survey showed.
Labor shortage-related problems are seen as the top concern by 85 percent of the interviewees. Some 86 percent named inefficient assistance in increasing the numbers of workers with necessary skills as the biggest shortcoming of the government's work.
PricewaterhouseCoopers interviewed 85 Estonian business leaders for the survey.