Financial experts and analysts said that the growth of real wages in Russia in 2018 will exceed inflation and will be about 4%. In addition, the expected increase in the number of new jobs due to growth in investment. The competition for personnel will be an additional factor for wage increases.
The head of The Ministry Maxim Oreshkin predicted the growth of real wages in Russia in 2018 at 4%. Leading economist “Expert RA” Anton tabah confirmed forecast of Ministry of economic development, but noted that this figure will vary depending on the sectors of the economy.
A similar opinion was expressed by the chief of analytical Department UK “BK Savings” Sergey Suverov. He noted that wage growth will mostly affect public sector employees and will not exceed 2-3%, while in the non-state sector growth will be even less noticeable.
According to the senior analyst IK “freedom Finance” Bogdan Zvarich, the growth of real wages at the level of 4-5% against inflation of 4% is achievable. Moreover, in his opinion, it is possible to expect growth of investments that will create jobs and will lead to increased competition for workers. “The most simple and effective way to attract and retain employees will increase wages,” – said Zvarych. However, the prerequisite for this is a stable non-economic situation and guaranteed the growth of various sectors of the economy. “The stability of the external background due to the situation on the energy market – Brent in the area of $ 55-60 per barrel will create a very favorable conditions,” – he said.
We will remind that not so long ago the Minister of labour and social protection Maxim Topilin said that the Federal budget will be allocated to virtually any 22.2 billion to increase salaries of state employees by 4% from 1 January 2018. Wage increases should relate to social institutions and science, institutions of forestry, hydrometeorological service, veterinary, employment services, and others. The projected increase should apply to more than two million employees at the Federal level.