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May 22, 2022

PwC: 40 pc of private companies to hike salaries in 2011

Almost 40 per cent of private companies have included salary hikes in their 2011 budgets, with the average hike standing at 6.8 per cent, after hiking the salary of their employees by 4.3 per cent this year, the PayWell Romania survey conducted by PricewaterhouseCoopers (PwC) shows. “We anticipate pressures for salary hikes in the near future, considering the recent VAT hike from 19 per cent to 24 per cent, especially within sectors that have a consistent trade union presence. Nevertheless, PwC does not expect the salary hikes of 2011 to significantly exceed those reported this year.

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