Salary increases for IDA’s members
Oprettet den: Tuesday, 13. December 2016 - 12:48 / caf
For most professionals with a background within technology, IT or natural science, times are good on the Danish labour market. IDA’s salary statistics show that members working in the private sector had an average salary increase of 3.2 per cent while the average increase landed on 2.0 for public sector employees. In the same period of time the price development was zero per cent.
”Engineers, natural sciences professionals and IT specialists are a commodity in high demand in many companies. Unemployment is low, and has been for a long time, and all prognosis show that the demand for IDA’s members will not decrease for some time. The fact is, we are educating too few candidates in the fields and we are not good enough at retaining relevant candidates from abroad. This is clear in the salary development which, for the third consecutive years, shows a solid increase of more than 3 per cent in real wages for our private sector employees,” says Juliane Marie Neiiendam, the Chair of the IDA’s Employment Council.
She expects that the lack of graduates with a background within technology, IT or natural science will also affect salary development the coming years.
“A new survey made by IDA shows that seven out of 10 of Danish senior executives have challenges recruiting and retaining qualified employees with the right set of competencies. And that is the core issue of this bottle neck problem. On an individual level it is good news as it opens up a lot of doors career-wise, but for trade and industry as a whole, and for all hopes of increased prosperity and growth, it is bad news. With an unemployment rate of 2.3 per cent for e.g. engineers, all warning lights are starting to glow red,” says Juliane Marie Neiiendam.
“In order to secure growth in Denmark we need to both see a higher intake on the relevant fields of education and attract the right competencies from abroad. We cannot solve the bottle neck problem here and now without doing something actively on both parameters,” she adds.
For more on this years’ salary statistics click here.