Inflation and a slowing economy are prompting more people to consider postponing a job change. However, the job market is still hot for IDA members, reckons chief economist and career counsellor.
In 2018, average pay rises for IDA’s members in the private sector were 3.9%. Looking more closely at the figures, members within the building and construction sector saw the largest pay increases, at 4.8% on average.
There is high activity in the construction industry. This is clearly reflected in pay increases for members of IDA.
Forests of cranes can be seen all around Denmark. And this high activity in construction is also rubbing off on pay increases for IDA’s members in the building and construction sector as well as in consulting engineers companies. This is based on new figures from IDA salary statistics 2018.
Building and construction engineers saw average pay increases of 4.8%, while members within consultancy received 4.3%.
“We’re experiencing good times for all members of IDA, no matter whether they’re engineers, MSc’s or IT specialists. Unemployment is low, we’re still training too few in relation to demand, and we still can’t attract and retain enough knowledge workers from outside. The high activity in construction is reflected in pay increases,” said Juliane Marie Neiiendam, Chairman of the Council of Employees at IDA.
Utilities companies are at the other end of the scale. They are slightly behind the average, with pay increases of 2.7% in the past year.
“Many utilities are publicly owned limited companies, and they usually follow wage rate developments in the public sector, which are normally lower than increases in the private sector. This is why the sector as a whole is not in line with pay increases in the private sector as a whole,” said Juliane Marie Neiiendam.
Pay increases 2017-1018
|R&D, business services, financing etc.||3.0%|
|Trade and transport||3.7%|
|Machinery, iron and metal||3.7%|
|IT and telecommunications||4.1%|
|Food, chemicals, plastics and wood||4.6%|
|Building and construction||4.8%|