Paavo Heil, CEO of CV Keskus, a job portal, says that employers should pay employees higher wages and offer better terms than the market average because it is a major competitive advantage in the long run, writes Äripäev.
“This allows to create better services or products and charge a higher price for them. In today’s Estonia, this is one of the few and most secure ways to increase productivity,” he said, speaking at the Pay Forum hosted by Äripäev. Heil also suggested that companies should hire good professionals also when they don’t have a specific job to offer at the moment.
“If you find a person who is suitable to work in your enterprises, hire him or her even if you don’t have a vacant job at the moment. You can create it and sell the employee’s resource on the market with a profit,” he said. Sami Seppänen, CEO of Elisa Eesti, said that Estonia’s advantage is flexibility in wage issues.
“The wage market is being shaped by the ratio between real offers and demand. This means that wages are determined not by trade unions, but according to the demand and supply situation, in market economy,” said Seppänen.