Wages in Estonia are going through the roof as Estonian enterprises today are prepared to pay almost 25% higher wages than a year earlier, writes Äripäev.
"Because of unemployment, more and more enterprises have been forced to raise wages to keep existing employees, to say nothing of hiring new ones. A sharp rise in average gross wages in the second quarter and accelerating wage offers show that there is a major wage boom going on," said Paavo Heil, CEO of CV Keskus.
A survey of job ads made in the second quarter by CV Keskus shows that in average, enterprises offered employees EUR 963 a month, an increase of 24% year on year. It’s also 13% higher than in the first quarter.