In 2020, salaries in the private sector of Moldova increased by an average of 4.52% - PwC.
According to the latest PwC research “Review of salaries and other remuneration - PayWell Moldova”, the growth of salaries in the first half of 2020 was slightly lower than companies planned (5.98%). Also, salary growth was lower than in 2019 (+ 7.65%). According to Ionut Simion, Managing Partner of PwC in Romania and Moldova, despite the economic situation and the crisis caused by COVID-19 and other problems, such as labor migration, the companies have kept their budgets to raise salaries. Most of all salaries have grown in IT companies - by 5.17%. In pharmaceutical companies, wages rose by 5%, in consumer goods and industrial companies - by 2.07%, in telecommunications companies - by 1.61%. The salaries of companies’ management increased the most - by 5.09%, specialists - by 4.32%, and administrative personnel - by 4.17%. Salaries among unskilled workers increased least - by 1.38%. For 2021, the companies participating in the survey have planned an average salary growth of 4.59%. It is expected that wages in IT companies will grow by 5.86%, in the pharmaceutical sector - by 5.33%, in the consumer goods and industrial sectors - by 3.11%. Telecommunications companies have so far refrained from forecasting salary growth next year. “Moldovan companies are adapting to the new conditions associated with restrictions due to COVID-19, and have invested in digitalization, resorted to telecommuting, and are trying to motivate staff in order to stay productive. The respondents have optimistic budgets for next year, salary growth is expected at the current year's level, but everything will depend on the development of the economy and the management of the economic crisis,” said Anastasia Derevyankina, leader in tax and legal consulting at PwC Moldova. 37 companies from five sectors of the economy (consumer goods and industry, information technology, telecommunications, banking, pharmaceuticals) took part in the annual research in the field of wages, as well as policies and practices on personnel management PayWell Moldova 2020. PwC is an international network of companies providing audit, tax and business consulting services. The company has 284 thousand employees in 155 countries of the world. For more information visit www.pwc.com. // 13.11.2020 - InfoMarket.
