Poll: Pay satisfaction in Baltics increased most in Estonia
Pay satisfaction has grown the most in Estonia, it appears from a recent poll conducted by job search and recruitment portal CV-Online among its Baltic clients.
Satisfaction with pay was highest in Latvia, with 39 percent of those polled finding that their work and remuneration were in agreement, CV-Online reported; in comparison, just over 34 percent of Estonians and slightly over 19 percent of Lithuanians found the same to be true. Compared to 2013, pay satisfaction had risen by 14 percent in Estonia and 13 percent in Latvia, but dropped by two percent in Lithuania.
"The primary reasons for the rise in pay satisfaction were shortage of labor and modest economic growth," explained Heikko Gross, CV-Online's marketing manager. "In Estonia, this means better work conditions, including an increase in pay, for job-seekers and working people alike. We predict this trend will continue in 2017 as well, as the near future does not promise to bring swift alleviation of labor shortages or drastic changes in the economic situation."
Across the Baltics, people connected with IT, recruitment, agriculture and environmental protection were the most satisfied with their pay whereas more than 70 percent of employees in the healthcare, social work, education and research, and catering fields found that they were underpaid.
In Estonia, 60 percent of top executives, 45 percent of mid-level managers and 42 percent of sales personnel stated that their remuneration was in accordance with their contributions; in contrast, this opinion was shared by just a quarter of skilled and unskilled workers and customer service personnel.
"When considering the findings, you have to take human nature into consideration — expectations are always higher than reality," said Gross. "But it is plain to see that dissatisfaction is greater in some positions. Positions currently under the strongest wage pressure can be ranked based on levels of dissatisfaction, as witnessed also by active search for work among customer service personnel and skilled and unskilled workers. On average, one out of five persons in these positions is actively seeking work and one out of two is open to new challenges — and the reason behind this is not simply a wish to earn more, but the practical need to cope with daily expenses."
CV-Online carried out its poll on pay satisfaction across all three Baltic states in September and October, interviewing a total of more than 10,200 people.