Study: Labor market crisis continues in Ukraine, wages are falling, and competition is growing

Research: Labor market crisis continues in Ukraine, wages are falling, and competition is growing

The personnel portal grc.ua studied changes in salaries in all professional areas and came to the conclusion that the labor market crisis continues in Ukraine. The main characteristics of this difficult period are: the decrease in new job offers, the complication of employment, the increase in competition for jobs, the tightening of employers’ requirements for candidates, the increase in the activity of job seekers, the optimization of personnel costs by companies and, in particular, the decrease in wages. On the other hand, the tangible drop in wages that had lasted since the end of March stopped in the vast majority of professional areas at the beginning of the summer.

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In July, salaries were not reduced in most professional areas, but there are exceptions. The largest drop in the average salary was felt by representatives of the mining sector. In July, open vacancies in this area were offered an average of UAH 15,800, in contrast to June, when the average monthly compensation was UAH 25,300. Thus, the average salary in the field of raw materials production decreased by 37.5% in the middle of summer.

Salaries in the HoReCa sector also decreased. Despite the summer season, which was usually the most active in this area, there are very few vacancies in hotels, restaurants and tourist complexes in July, and the average salary is 16,700 UAH.

Research: Labor market crisis continues in Ukraine, wages are falling, and competition is growing

Among those who are offered lower salaries in July are bank employees (the average salary is UAH 17,500, which is 6.9% less than in June), security guards (average salary UAH 9,700, a decrease of 11%), managers for personnel (average salary UAH 22,800, reduction – 20%), working personnel (average salary UAH 12,800, reduction – 6.5%). Lower salaries than at the beginning of summer in manufacturing and agriculture (average salary UAH 17,100, decrease – 10.9%), in the field of installation and service (average salary UAH 15,500, decrease – 8%), in construction and real estate (The average salary is UAH 22,800, reduction – 12%).

The list of professions with high salaries remains unchanged. The highest salaries are received in the field of information technology. On average, IT specialists receive UAH 76,000 monthly. The salaries that are offered to candidates for positions in top management have slightly increased. The average salary offered in July to managers is UAH 52,600. The top 5 professional areas with high salaries also include consulting with an average salary of UAH 32,300, marketing, advertising and PR (average salary of UAH 26,600), as well as accountants and specialists in management accounting and finance (average salary of UAH 25,600).

Research: Labor market crisis continues in Ukraine, wages are falling, and competition is growing

Lawyers and insurance professionals were among the professionals most affected by the labor market crisis. Since the beginning of the war, there were almost no vacancies for these specialists. In mid-summer, job offers in the areas of law and insurance have increased, but the salaries offered by employers are significantly lower than they were before the war. Lawyers are offered an average of UAH 15,500 in July, insurers can calculate an average of UAH 13,500 per month.

The top five specialists with the lowest salaries in July also included blue-collar workers (average salary UAH 12,800), security guards (UAH 9,700), as well as students and specialists who are just starting their careers — they are willing to pay an average of UAH 9,500 monthly.

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