Wages: Austrian Firms Tend to Cautiousness

BusinessEconomy ♦ Published: February 13, 2013; 14:01 ♦ (Vindobona)

According to a survey carried out by the HR advisor Aon Hewitt, Austrian firms plan to reduce personnel costs.

Wages: Austrian Firms Tend to Cautiousness / Picture: © Vindobona.org

About 25% of the analyzed firms want to enforce personnel costs. In total, 49 businesses were analyzed. More than 6% of the firms plan to hold wages flat. 18% of the interviewees want to reduce their staff number. About 20% of the respondents want to reduce staff recruitment.

On average, Austrian employees will get a wage increase of 3.0% this year, Aon Hewitt says. Last year,…