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Wednesday 24.01.2018 | Name days: Krišs, Eglons, Ksenija

Experts: wages to grow slowly this year

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

In 2011, the salary increase will be very slow, and mainly affect qualified professionals and managers, because of their shortage in the labour market, the career portal WorkingDay marketing director Māris Silinieks told the business news portal BNN.

«In terms of remuneration, positive signs might be seen in export-oriented areas. However, job seekers without education may have to put up even with lower wage offers than now, because such persons comprise the bulk of employment seekers,» the experts say.

The biggest beneficiaries in finding a new job are professionals who, despite the deterioration of working conditions and salary cuts, have not stopped working relations with employers during the crisis, because, in view of considerable capacity increase at the expense of reduced staff, their competence makes them particularly competitive, CV-Online Latvia personnel recruitment specialist Evita Lapiņa (Lapina) considers.

To her mind, many businessmen look at the market development of this year positively, although no significant salary increase is expected, yet in the current situation it should not experience any drops either. «Especially those employees, whose pay is divided into variable and fixed parts, can expect an increase on the basis of the variable salary part. The market constantly requires strong specialists, and to keep them in the company, employers need to offer competitive conditions for the staff hired during the crisis,» Lapina points out.

As regards the last year’s assessment, Silinieks says the past year was relatively calm in terms of job and employees search. Entrepreneurs did not seek employees actively, because it was unclear whether the economic downturn in Latvia has reached its low point or whether the business volumes will continue to decline.

On the other hand, in late 2010 positive signals on the GDP growth also created a thaw in the job offer field. «Export-oriented production companies were the first to offer job openings, because the external markets recovered faster from the crisis,» Silinieks explains.

CV Market Head Vladimirs Korickis emphasizes, although moderate, employers activity in 2010 was higher than in 2009, which is tied to psychological adjustment to the crisis conditions. «The lowest activity is before and after celebration periods,» Korickis notes.

While tendencies regarding job seekers are different – they seek employment more actively before and after the celebrations, which is mainly linked to the financial aspect, indicates CV Market Head.

Silinieks remarks, compared to 2009, last year job seekers activity was smaller mainly due to the high activity in 2009, because the biggest staff dismissal took place in early 2009 and in the autumn of 2009 – job seekers are most active in the first six months after the job loss. Afterwards the job search is carried out more passively or, in the worst case, stops at all.

«Currently, a dangerous trend has occurred in the labour market – the structural unemployment. This means the unemployed are unable to find work due to the lack of education and knowledge, because new technologies are introduced in work responsibilities and it is not possible to find a job without basic knowledge in the particular field,» WorkingDay specialist asserts.

All the surveyed experts indicate that the beginning and the end of 2010 were rather dynamic periods in terms of employer activity, yet the middle of the year was a less active period, mostly due to vacations.

The spring of 2010 was a small break for the labour market, because job openings appeared in the agriculture and tourism sectors as well.

«Despite increasingly grim situation in Latvia, the labour market has shown improvements over the last year, as proven by our career vortal CV-Online published vacancy number increase by 60%, compared to the previous year’s quarter. Similarly, the State Employment Agency’s (SEA) data on labour market tendencies also report improvement, so do the total increase in the number of job adverts and the fact that more often the reason for employee search is the enterprise’s enlargement, not resources optimization. Unfortunately, the number of job seekers is still significantly greater than the number of vacancies,» CV-Online spokeswoman Evita Lapina reveals to the business news portal BNN.

Each year reports its more notable periods when the number of job seekers and announced vacancies is the highest, when looking at the calendar, we can say the beginning of the year is the best time for searching employees or finding employment, during the period from January to May, and later in the year – from mid-September until late October, Lapina informs.

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  1. ert says:

    A slow growth is still a growth!

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  2. Test says:

    Laima is definately the best company in latvia. = nokia

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