CEE Salary Guide 2023 Overview

CEE Salary Guide 2023

Claudia Ciocca

Director – Global Talent & CEE claudia.ciocca@cpl.ie

2022 was characterised as a candidate-driven market and a war for talent, but 2023 should be treated with more caution, due to reduced growth rate in the CEE region. 2023 will still see a tentative rise in salaries of 2-3% and not in the double-digits of last year.

The Cpl "CEE Salary Guide 2023" compares salaries

across different locations, industries and areas of expertise covered by Cpl, providing an in-depth analysis of the labour market for Czech Republic,

Poland, Slovakia and Hungary. In the report, we present a comprehensive list of salary ranges encompassing 150 key positions throughout the

region as well as sharing the latest market trends observed in our daily engagement with candidates and clients in these markets.

Future of Work

We encourage you to also read the article "Becoming an employer of choice" from our Future of Work Institute, which advises on how important having a People Value Proposition is, in times of uncertainty and economic instability, when employers struggle to attract new talent and retain their best talent. We also o er specific advice from our finance and human resources professionals to give you a broader perspective on the trends expected in 2023.

In our report we have also included case studies

where, together with our clients, we showcase examples of successful projects completed in 2022.

We believe that sharing our solutions and experiences, illustrates the variety of services that Cpl provides to its clients and candidates. The CEE region was signi cantly impacted by the international events of 2022 - the e ects of which will continue to be felt in 2023. As the Covid-19 pandemic subsided, an unexpected war broke out in Ukraine. Despite the onset of the con ict in Ukraine, and the subsequent migration of refugees into neighbouring countries, the region as a whole has remained resilient, which reinforces the narrative for FDIs that the CEE market remains a stable and reliable place to do business in the EU.

Human capital is the key asset driving growth in high tech services within the CEE economies, hence retention of these key resources remains one of the biggest challenges facing employers in 2023, in addition to e ective recruitment of new talent. This can be achieved by bolstering remuneration packages in new and innovative ways through exible or hybrid working models, new employee assistance programs or unique bene ts.

Leadership

It is clear that organizations that will succeed in attracting the best talent in 2023, are those whose leadership have “employee wellbeing” at the heart of every attraction and retention strategy. Leadership

competencies such as flexibility and speed of decision-making as well as managing change in the organization will remain key to success.

I hope that the following report will inspire you to look for new ways of dealing with current and future challenges in the work environment.

Please feel free to contact Cpl for detailed information, in-depth analysis, or discussion.

Claudia Ciocca