Employers said how salaries of employees will change before the end of the year

An hh.ru survey conducted among St. Petersburg companies showed that 14% of local employers planned to reduce the level of salaries of employees by the end of the year. The greatest reduction in wages threatens the personnel of companies in the construction industry and trade.

Getting ready to take a pay cut

During a survey of St. Petersburg employers, the question “How will the salaries of employees change until the end of 2022?” 19% of surveyed companies from the construction sector chose the answers “definitely decrease” and “rather decrease” - this is the highest result among all industries. Also, 16% of companies in the field of trade and sales and 13% in manufacturing and agriculture plan to reduce employee benefits. In general, 14% of companies are preparing to reduce wages.

Another 35% of employers leave the salaries of employees unchanged, and 29% intend to raise salaries before the end of the year. Employees from the it sector have the greatest chances for an increase (35% of companies plan to increase salaries by the end of 2022).

At the same time, every fifth company (22%) in the Northern capital still finds it difficult to answer what will happen to the salaries of its employees.

5% indexation

The hh.ru study also showed that since the beginning of the current crisis, 8% of St. Petersburg companies have already reduced their employees' salaries, and 76% have not changed their income. On the contrary, 16% of those surveyed have had their salaries increased since the beginning of the aggravation of the geopolitical situation in February. Most often, these were the first salary indexations by companies that planned to do this in the first quarter of 2022. Recall that at the beginning of this year, hh.ru reported that 21% of St. Petersburg companies had plans to revise their salaries upwards. The average amount of the increase was at the level of 5% of the current income of employees.

It should be noted that, according to the survey data, since the beginning of the geopolitical crisis, salaries of employees from the sales sector have suffered the most (reduction in income occurred in 12% of respondents). On the other hand, the increase in salaries in most cases affected the IT sector (22% noted an increase).

As RBC Petersburg previously reported, last year the situation on the St. Petersburg labor market was the opposite - the number of vacancies exceeded the number of resumes of candidates, and employers were forced to join the race to attract and retain staff, which led to an increase in salaries.

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According to Petrostat, the average nominal wage in St. Petersburg in January 2022 amounted to 73.5 thousand rubles.