U.S. markets close in 4 hours 15 minutes
  • S&P 500

    4,182.62
    +15.03 (+0.36%)
     
  • Dow 30

    34,417.41
    +187.07 (+0.55%)
     
  • Nasdaq

    13,585.47
    +3.05 (+0.02%)
     
  • Russell 2000

    2,216.19
    -25.18 (-1.12%)
     
  • Crude Oil

    65.20
    -0.43 (-0.66%)
     
  • Gold

    1,815.00
    +30.70 (+1.72%)
     
  • Silver

    27.55
    +1.03 (+3.88%)
     
  • EUR/USD

    1.2055
    +0.0046 (+0.39%)
     
  • 10-Yr Bond

    1.5630
    -0.0210 (-1.33%)
     
  • GBP/USD

    1.3879
    -0.0029 (-0.21%)
     
  • USD/JPY

    109.1750
    -0.0140 (-0.01%)
     
  • BTC-USD

    57,072.22
    -137.65 (-0.24%)
     
  • CMC Crypto 200

    1,481.98
    +10.56 (+0.72%)
     
  • FTSE 100

    7,067.47
    +28.17 (+0.40%)
     
  • Nikkei 225

    29,331.37
    +518.77 (+1.80%)
     

German personnel directors expect wages to rise in 2021 - Ifo/Randstad survey

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

BERLIN, March 9 (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)