In light of high inflation, businesses are under pressure to raise their employees’ wages, said insurance advisor company WTW. Based on a survey among 159 organisations, WTW said that companies are planning to increase wages by 3%. Close to one in three has or will increase the frequency with which they will review salaries, while 97% are planning to review pay checks every six months. Amid a workforce shortage, companies have no choice but to review their pay budget. 55% reported fears linked to the current inflation, 40% followed the expectations and needs of their staff, while 69% kept an eye on the current tighter labour market and adapted accordingly.
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For more information, please contact Paul de Beer or Oana Ciuca, De Burcht (Scientific Bureau for the Dutch Trade Union Movement) p.t.debeer@uva.nl or the Head of communications at the ETUI, Mehmet Koksal mkoksal@etui.org. For previous full issues of the Collective bargaining newsletter please visit https://www.etui.org/Newsletters/Collective-bargaining-newsletter or consult the archive with all articles in our database at www.cbnarchive.eu.
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