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Wage-growth expectations of employees in Estonia are increasing 50 percent faster than wages and salaries and twice as fast as employers' pay offers, it appears from a study by the recruitment portal CV Keskus.
Estonian employees' wage expectations growing faster than pay - survey
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Wage statistics of CV Keskus showed that in the first quarter of this year the average salary wish entered in CVs was 985 euros a month, which is 9.6 percent higher than a year earlier. The difference between the salary desired and the salary actually earned has grown to 9.4 percent from the year-earlier 6.1 percent, meaning salary wishes have grown 50 percent faster than pay, CV keskus said.
An even wider gap was observed between salary wishes and pay offers in job vacancies. In the first quarter the average pay offer was 849 euros a month. If in the first quarter of 2012 the average pay offer was 11 percent lower than the salary wish then in the corresponding period this year the difference was 16 percent.
"The fact that pay wishes are increasing at a 50 percent faster rate than wages and salaries means that wage growth is certain to continue at a similar or even faster pace," CV Keskus CEO Paavo Heil said in a comment on the survey findings.
CV Keskus constantly collects wage statistics from both pay offers shown in job offers and pay wishes entered in CVs. Its database currently contains more than 50,000 items. The statistics for the first quarter are based on salary wishes of 4,890 job-seekers and pay offers of 2,021 employers.