Companies Make Conservative Forecasts for Wage Growth in 2025

Business 17 October 2024 23:20

The total wage increase in Bulgaria in 2024 is expected to be 7% year on year. Companies are conservative in their forecasts for 2025 and would rather maintain this year's wage growth rate. Overall, 7% growth is lower than businesses had planned for this year, Mercer Marsh Benefits found in its Total Remuneration Survey for Bulgaria, CE Report quotes BTA

There are three main drivers for employee pay rises: personal performance, company performance and place in range. Wage increases by position were 6% for senior management, 8.3% for management, 8.6% for professionals and 10.5% for operational level positions.

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Companies Make Conservative Forecasts for Wage Growth in 2025

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