Estonian firms consider increasing wages

A total of 56 percent of Estonian employers plan to recruit new staff in the next six months, versus 4 percent a year ago, reports Aripaev Online.

According to CV Online Estonian labor market study figures, 39 percent of employers plan to increase the wages of at least some employees, which is three times more than a year ago.

“The changes in recruitment volumes are more major. As compared to a year ago, the share of employers who want to recruit ten or more people has considerably increased – while last year it was 3 percent, now it is 14 percent,” said CV-Online marketing manager Heikko Gross.

Up to 46 percent of those companies that intend to hire new staff plan to hire 1-2 employees, 22 percent plan to hire three to four employees, 10 percent plan to hire 5-9 employees. Meanwhile, 14 percent say they plan to hire 10 or more employees and 8 percent don’t yet know how many employees they intend to hire.

The most frequent reasons for hiring were an increase of volumes or organization (64 percent), the previous employee resigning (55 percent) and an employee going on parental leave. Thirty-two percent of employers don’t plan personnel changes over the next six months. 323 companies of different sizes participated in the study.