Firms Budget 2.8% Wage Increase

BusinessEconomy ♦ Published: September 14, 2011; 22:05 ♦ (Vindobona)

Top management of Austrian companies will likely benefit from the highest pay rise next year.

Firms Budget 2.8% Wage Increase / Picture: ©

Domestic firms expect an average increase in wages of 2.8% for the year 2012. This is the result of a survey conducted among 91 enterprises by the international personnel consultancy Aon Hewitt. The income level from before the global economic crisis of 2008 will not be reached, however.

With 2.9% on average, top management of Austrian enterprises can expect the highest wage…