The January results of the 'Wage Increase Trends Interim Survey' conducted by Mercer Turkey, a leading global human resources and management consultancy firm, have been announced. According to the results of the research; The average wage growth rate for 2022 rose to 41,2 percent. The sector where the highest wage increase will occur is the automotive sector.
Mercer, which provides solutions and consultancy for companies to manage the needs of their changing workforce in the fields of health, wealth and career, announced the results for January of the Interim Survey on Wage Increase Trends, which it conducted after the 2021 official inflation figures. According to the results of the research in which a total of 399 companies, 200 of which are foreign and 599 are domestic, participated; After the official annual inflation figures for 2021, companies' wage increase expectation for 2022 reached an average of 41,2 percent. While this rate is 42,1 percent in foreign capital companies, it is 39,9 percent in domestic companies. Automotive, mining & metal, chemistry, logistics, technology, retail and production sectors with the highest wage increases will draw attention with wage increases above the average, while the highest wage increase will occur in the automotive main industry and supplier industry sectors. In addition to this information, regardless of the sectors, companies try to minimize the loss of talent in digital roles by positioning the wage increase rate of employees in technology departments 20-25 points above the company's overall.
Wage increase periods shifted to January
He states that the companies participating in the survey will increase their wages once a year with 73,3 percent. 66 percent of companies that increase their wages once a year say that they will increase this increase in January. 15 percent of the companies state that they will increase their wages in April and 9 percent in March. According to the results of the survey; Compared to previous years, it is seen that the number of companies that have a tendency to increase wages twice a year has increased. The rate of companies stating that they will increase their wages twice a year has reached 2 percent. 2 percent of these companies point out that they will increase their wages in January and April, 20,4 percent in January and July, and 37 percent in January and March.
The rate of increase in 2021 is 21,7 percent
In 2021, companies with foreign capital increased their wages by 19,9 percent and companies with domestic capital increased by 25,3 percent. The rate of increase in wages in total was 21,7 percent. While blue-collar employees received a 22,8 percent increase in wages, there was a 20,9 percent increase in specialist positions. While it was 20,3 percent in management positions, there was an increase of 20,3 percent in senior management positions. Mining & metal, automotive, energy, technology, production and service sectors were the sectors with the highest rates. 33,2 percent of the companies increased their additional wages for 2021. While 12,2% of the companies made a one-time payment, 51,6% of the companies did not increase their additional wages. Firms made an additional fee increase of 10,8 percent, while companies that made a one-time payment made a 12,8 percent payment over the annual base wage.
Şadiye Azışık Kılcıgil: “High inflation and minimum wage hike increased wage growth expectations”
Noting that companies have shown great interest in wage increase research in the recent period, Mercer Turkey Career Department Country Leader Şadiye Azışık Kılcıgil said, “We can say that this interest of the market shows the increasing need for data against uncertainties in many aspects. The exchange rate fluctuations, minimum wage hike and high inflation, which we have seen more this year, together with the economic uncertainties that started in Turkey in 2018 and especially after the pandemic, also increased the wage increase expectations on the employee's side. In order to protect their employees from high inflation and to minimize the risk of the "great resignation wave" for their organizations, the wage rate expected to be made by companies to their employees, which was 2021 percent in December 32,2, increased to 2022 percent in the January 41,2 survey. In addition to these developments, we see that companies have increased their total wage increases to 75-80 percent, especially in technology roles, in order to minimize the loss of talent, especially in digital roles, or they have set up wage increase policies indexed with exchange rates.
Be the first to comment