Salaries Increase by 3.0%

BusinessEconomy ♦ Published: November 8, 2011; 19:24 ♦ (Vindobona)

For 2012, Austrian salaries will rise by 3.0% on average. This is beyond the inflation rate by 0.8%.

Salaries Increase by 3.0% / Picture: ©

Austrian salaries will increase stronger than the inflation does. The expected inflation rate for 2012 amounts to 2.2%. Even the European average salary increase will be surpassed – on average, Western Europeans receive a rise of 2.7%. This is the result of the advisory company Mercer.

Besides Austria, also Germany, Italy, Norway, Sweden, Belgium and the UK will have an…