How salaries have changed in Ukrainian companies in 2020

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The overwhelming majority of respondents did not raise or lower the level of pay

Photo: newtimes.kz

Half of the companies have planned to make regular pay revisions without any changes, or about a third (23%) have postponed amendments for at least one class of personnel. It is clear from the results The researchDeloitte organized by the American Chamber of Commerce in Ukraine and Ukraine.

It is noted that half of the responding companies plan to pay employees bonuses without changes with the short-term incentive program.

Here are the main findings of the study:

  • 44% of respondents believe that their organization will be able to meet the current action plan for 2020. At the same time, more than half (63%) of organizations are planning or have already revised their monthly / quarter / year targets for employees due to epidemics and economic downturns.
  • Half of the respondents planned to make or make regular revisions of pay without change, and nearly a third (23%) deferred the amendment for at least one class of personnel.
  • Most often, a reduction in the percentage of salary revision occurred for top managers and office workers, and an increase in the percentage – for production workers.
  • The overwhelming majority of respondents did not raise uncertainty about the increase or decrease in salary levels.
  • Half of the companies responding have plans for a short-term incentive program to make their employees pay unchanged.
  • More than 80% of companies are already developing or have developed an action plan after exiting quarantine, and only 9% have not yet developed one. Specifically, as a post-quarantine action, most respondents organized an office space to allow employees the possibility of social disturbances, strengthening safeguards, providing additional protective equipment to employees, and allowing them to work from home Will be done.
  • 64% of companies plan to maintain the current headcount, and only 14% of those polled indicated that they would resort to staff reductions, at least in the workforce category.

The survey was conducted from 1 June to 19 June. 22 companies participated. Among respondents – nearly half (45%) of top managers and HR directors, 36% of middle managers and HR managers, as well as senior HR specialists, HR specialists and representatives of the finance function.

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One in six people under the age of 29 in the world stopped working due to a coronovirus epidemic. This was reported by the International Labor Organization (ILO). The ILO indicated that the epidemic not only caused significant job losses among young people, but also “disrupted the education and training system, creating significant barriers for those wishing to enter the labor market or change jobs.”

Read: When will the coronovirus epidemic end in Ukraine – scientists forecast

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