Most employees in Lithuania do not expect their salaries to increase next year or increase less than inflation, according to a survey by Baltijos Tyrimai commissioned by LRT.
More than a third (36%) of those working in Lithuania do not expect their salaries to rise next year, the survey shows. Almost three in ten (28%) expect a minimal increase, up to 10%.
Lithuania reported annual inflation in excess of 20% in November and expected inflation to persist next year.
Around a fifth (18%) of the working population expect a 10-20% pay rise next year. One in twenty (6%) expect their salary to rise by 20-30%.
Just 1% of respondents expect their salaries to rise by 30-50% next year. The same proportion says they expect their salaries to rise by more than 50% in 2023.
Those who expect salary rises of more than 30% are most likely to be under 30 (16%), low earners (with household incomes of up to 1,000 euros per month) and those in the public sector.
The representative survey was carried out by the market and opinion research company Baltijos Tyrimai for LRT between November 17 and December 2. (LRT/Business World Magazine)