In the conditions of shortage of personnel in Ukraine, employers are forced to raise wages in order to attract and retain qualified workers. The latest data shows significant wage growth in a number of key industries, including security and safety, telecommunications and healthcare.
The greatest growth was recorded in the fields of protection and security (by 4.6 times y/y), telecommunications (by 45% y/y) and health care (by 34% y/y).
At the same time, as evidenced by the survey results of the Kyiv International Institute of Sociology (KIIS), local residents note significant difficulties in finding work in the front-line regions. Limited access to advanced training prevents them from actively looking for work: only 13% of respondents in these regions do not have a job and are looking for one, while 7% plan to start their own business.
In addition, the shortage of qualified personnel remains a significant challenge for the Ukrainian labor market. According to a survey by the Institute for Economic Research and Policy Consulting (IED), the shortage of skilled workers has reached a new high after some reduction caused by business shutdowns due to power outages. Research by the Razumkov Center confirms these trends: 60% of workers, including employers, employees, working co-owners and self-employed, indicated a shortage of personnel at their company.
The lack of workers leads to an increase in real wages. Businesses are forced to raise wages to retain existing workers and attract new ones. This, in turn, affects the overall level of business expenses and the dynamics of prices for goods and services.
