The prevailing inflation is also reflected in salary increase requests. Between September and November alone, 17 percent of Finns have asked for a salary increase. Half of them did not receive a salary increase. Before September, 15 percent of Finns asked their employer for a salary increase. Next year, 43 percent plan to ask for a salary increase. Only 28 percent of Finns have not reduced their expenses this autumn due to the rise in prices. This autumn, 42 percent of Finns have reduced their money for food, clothes, interior decoration, electronics, hobbies, pastimes, driving a car or services. The latest information comes from the responses to a survey conducted by Oikotie in November. 1504 Finns responded to the survey.
Every third Finn feels that he cannot get by on his salary at the moment. The everyday realities of the economy have changed this autumn, when the prices of food, goods and services have risen sharply and quickly. The trend is largely due to Russia’s war of conquest in Ukraine and the resulting energy crisis. When prices have risen, the value of money has fallen, i.e. inflation has risen.
– The prevailing inflation is also reflected in salary increase requests. Between September and November alone, 17 percent of Finns have asked for a salary increase. Half of them did not receive a salary increase. Before September, 15 percent of Finns asked their employer for a salary increase. At the same time, 35 percent of Finns announced a salary increase before September. This difference is due to the fact that a significant part of salary increases are received without one’s own request, as part of company processes, trade union negotiations or when changing jobs, says Joonas Pihlajama, director of Oikotie Jobs.
The data on the frequency of salary increases are from two different surveys, so the percentages cannot be directly added together, as there may be people who applied for and received a salary increase both before and after September. The latest information comes from the responses to a survey conducted by Oikotie on the Tori.fi service in November. 1504 Finns responded to the survey. Of the respondents, 53 percent are men, 43 percent are women, 1 percent are of the opposite sex, and 2 percent did not want to reveal their gender.
The transparency of the salary increases interest
Only half of Finns estimate that they get enough information about salaries and bonuses from job advertisements.
– For 86 percent of job seekers, the amount of salary announced in the job advertisement increases the interest of the job. Still, only 37 of the employers believe that disclosing the salary increases the number of applicants. This result came from a survey conducted in March. Regarding salary transparency, it seems that employers are slow to adapt to the already existing wishes of job seekers, Pihljamaa states.
– In the current situation, job seekers place a strong emphasis on salary information. At the same time, salary transparency increases the employer’s attractiveness, because job seekers want and value transparency, Pihlajama adds.
At the beginning of the year, Oikotie was given the opportunity to add salary information to job advertisements, but only a small number of employers take advantage of this opportunity.
43 percent want more pay
Inflation will probably continue at least at the current level well into next year. Next year, 43 percent of Finns plan to ask for a salary increase.
– Employers should take into account the widespread desire for salary increases. Of course, you don’t have to respond positively to requests for a salary increase, but a refusal inevitably creates motivation to change jobs. And when up to 43 percent of Finns plan to ask for a raise, the mass is quite large, Pihlajama commented.
42 percent have cut significant expenses
This fall, 42 percent of Finns have reduced their spending on food, clothes, interior design, electronics, hobbies, hobbies, driving or services due to rising prices. Only 28 percent of Finns have not reduced their expenses this autumn due to the rise in prices.
– Reducing clothing purchases has been the most common reduction, especially due to the price increase. More than half, 51 percent of Finns, have not bought clothes this fall because of the prices. The second most common is cutting groceries. 44 percent have skipped grocery shopping because of the price increase. Thirdly, the largest group has limited the use of services. 43 percent have done so, says Pihljamaa.
About 40 percent of Finns have cut back on most consumer goods this fall. When it comes to food, clothing, decor, electronics, hobbies, interests, driving or services, the last thing people have cut out is hobbies and motoring. Still, 36 percent of Finns have reduced their spending on hobbies and 38 percent on driving.
HT
Source: Shortcut Jobs