Rise into debt

Staff optimization let to increase wages for the most qualified employees. In March, average salary increased by 5.5% to UAH 1818 – the amount returned to the November’s level, State Committee of Statistics said. In the meantime, salary debts continue growing up, in spite of government reported about their decrease more than by 20 % Между тем продолжают расти и долги по зарплате, хотя правительство отчиталось об их снижении более чем на 20%.

"Enterprises have already made reduction and left the most qualified employees, - the President of Ukrainian Society of Financial Analysts Yuriy Prozorov says. – They have more working load, and rise in wages partly compensates this"

"Employers’s ability to increase wages is limited especially in the context of stable hryvnyas exchange rate and competition on labor market. That’s why moderate temp of salary increase will stay, this will let already in autumn reach before crisis level, if there is not the second wave of crisis",– Mr.Prozorov says. More