The Ukrainian economy faces a severe problem: a lack of workers.

Most companies, namely 65% of those surveyed, plan to open new vacancies in 2024, according to an EBA study. Also, more than 80% of businesses do not intend to reduce the number of personnel. In addition, 93% of the study participants confirmed that their companies plan to increase wages in 2024.

In particular:

1. 29% of companies plan to increase salaries by 10-15%
2. 12% by 5-10%
3. 10% by 15-20%
4. only 2% will increase salaries by more than 20%

Notably, in 2023 almost half (47%) of the companies surveyed increased wages by 10-15%. The study shows that the businesses have already begun to experience a personnel shortage. 55% of companies confirmed that they already feel a shortage of personnel, 33% noted that they feel it partially, and another 12% are not yet experiencing a shortage.