This year, 81 percent of companies plan to increase wages, 18 percent indicated that they will not change wages, while 1 percent expect a decrease, the MKIK Institute of Economics and Entrepreneurship (GVI) said in its analysis.
The analysis is based on data from the MKIK GVI business survey of October 2021, during which 2214 domestic enterprises were interviewed.
The announcement points out that last year, two-thirds of domestic companies managed to raise the minimum wage by changing their business strategy, postponing their previously planned investments or planned recruitment, and possibly raising the price of their products. Redundancies were the least used tool, with 8 per cent of companies making only redundancies.
According to an analysis by MKIK GVI, entrepreneurs look to 2022 with confidence. Fifty-five percent of those surveyed expect that their company’s annual sales will increase this year compared to 2021, with 34 percent saying they won’t change, and 11 percent indicating a decline, the research firm said.
According to the analysis, in October 2021, 74 per cent of respondents thought that their domestic sales prices would increase in the next six months, 14 percentage points more than in April 2021 and 19 percentage points more than a year earlier.
38 percent of entrepreneurs expect that their company’s sales prices will increase at the same rate as inflation, and 22 percent expect it to be higher than inflation, MKIK informed GVI.
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