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Average Salaries in Poland Reach New Record Despite Employment Decline

CAREERSAverage Salaries in Poland Reach New Record Despite Employment Decline

The average monthly salary in enterprises in March this year increased nominally by 12% compared to the same period last year, amounting to 8,408.79 PLN gross. Average employment, however, decreased by 0.2% reaching 6,501.2 thousand full-time positions, reported by the Central Statistical Office of Poland (GUS).

We are witnessing another record in salaries. In March, the average wage surpassed 8,400 PLN gross, representing a nominal increase of 12% over the year, and almost 10% in real terms. Poles are finding themselves with progressively more money in their pockets each month, a trend expected to continue for at least the coming year. The first quarter of this year also set a record for average wages, breaking the 8,000 PLN gross barrier, translating to a nominal increase of 12.5%.

The dynamics of real wages are expected to decrease in the coming months due to rising inflation rates. However, employees will continue to pressure employers for higher raises, especially with a second minimum wage increase looming.

The latest results from the Lewiatan Index clearly show that wage pressure on employers remains strong and robust. According to the index, 92% of surveyed companies feel wage pressure, with nearly 40% believing it is increasing.

Meanwhile, employment has been declining for six consecutive months, but this drop is minimal, only 0.2%. In our view, this is evidence that the job market remains strong, as a much larger reduction in employment would be expected given the current weak economic climate in the industry.

Mariusz Zielonka, Confederation Lewiatan

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