Most recent GUS figures show that in June, the average wage in companies increased by 5.3 percent year to year, while employed increased by 3.1 percent year to year. – June figures on the condition of the labour market are very optimistic and exceed expectations both with regards to employment and wages. Although base effects interfere somewhat with monthly figures, there are more and more solid grounds to believe that the start of a wage upturn, typical for the so-called employee’s market, is starting to take shape – says Łukasz Kozłowski, expert of Employers of Poland.
In June, registered unemployment was at its lowest level since October 2008, and July figures will probably show it to be the lowest in 26 years. Given the shortage of workforce, rivalry between employers for employees intensifies, resulting in faster increase in wages, more widespread use of contracts of employment and a broader scope of benefit packages offered to employees. Thus far, the upturn on the Polish labour market has not been hampered by the downturn in economic growth in the first quarter and a significant downturn in investment. In light of the inertia characteristic for labour market trends, one may expect that – unless unforeseen shocks occur – this favourable tendency will be maintained at least in the coming quarters.
Łukasz Kozłowski, economic expert of Employers of Poland