In 2019, salaries in the private sector grew by an average of 6.4%, - a PwC survey.
According to another PwC study, “Salary and Other Remuneration Survey - PayWell Moldova”, salary growth in 2019 was slightly lower than the companies planned (6.82%). The most significant increase was in salaries in companies in the IT industry - by 9.63%. In pharmaceutical companies, salaries increased by 5.65%, in telecommunications companies - by 4.97%, in companies operating in the field of consumer goods and industry - by 4.48%. The study notes that the salaries of specialists increased this year by an average of 6.75%, administrative staff by 6.36%, unskilled workers by 6.09%, and company management by 6.06%. The companies participating in the survey continue to offer their employees benefits such as team building, tea / coffee and soft drinks, entertainment, optional medical insurance, foreign language courses, corporate mobile communications, discounts on company products, flexible work hours, holiday allowances salary, loans for employees at preferential rates. For 2020, the companies participating in the survey planned an average salary increase of 7.22%. As expected, in companies in the IT industry, wages will increase by 8.71%, in the consumer goods and industry sectors - by 6.21%, in the pharmaceutical sector - 5.3%, in telecommunications - 5%. “In the private and public sector of Moldova, employers face the same problem as the whole of Eastern Europe: labor migration, especially young people who expect higher salaries and living standards by Western standards. Moldova needs long-term economic growth in order to cover all the gaps and become attractive to its citizens. The GDP growth recorded in 2018 (4%) and the World Bank forecast 3.4% growth is not high enough to catch up with developed countries. Authorities and businesses should work together to determine the best model for economic growth,” said Simion Ionut, PwC Managing Partner for Romania and Moldova. 41 companies from various sectors of the economy (consumer goods and industry, information technology, telecommunications, banking, pharmaceuticals) took part in the annual study in the field of remuneration, as well as HR policies and practices PayWell Moldova 2019. PwC is an international network of companies that provides services in the field of audit, taxation and business consulting. The company unites 276 thousand employees in 158 countries of the world. More information is available on the website www.pwc.com. //11.11.2019 — InfoMarket.