BERLIN (Reuters) – A majority of personnel directors at German companies expect wages to rise in 2021, with more than a quarter expecting them to rise by more than 2%, a survey by the Ifo institute and the Randstad employment services firm found.
The survey, results of which were published on Tuesday, further found that 30% expected wage increases of up to 2%, while 41% thought wages would remain level.
“Even during the corona pandemic skilled labour is heavily sought after,” said Przemyslaw Brandt, a researcher at Ifo. “As a result, pay for skilled workers and managers is more likely to rise than for unskilled employees.”
(Reporting by Thomas Escritt; Editing by Riham Alkousaa)