Salaries in Europe and other Countries – Salary Forecast 2023

The impact of the Ukraine conflict and the Corona pandemic on the economy in Germany, Austria and Switzerland as well as Europe and the world remains dynamic. At the same time, inflation rates are rising sharply in more and more countries due to factors such as the financial policies of individual countries, rising energy and producer prices or persistent supply chain disruptions and bottlenecks. In addition, there are rising employment figures, including in Germany, where the labor market barometer of the IAB of the German Federal Employment Agency signals a slightly positive outlook at 100.4 points in September 2022. Fears of wage-price spirals and inflation like in the 70s and 80s are already haunting the media.

But what increases in salaries can realistically be expected in 2023? What changes should companies actually be prepared for in terms of adjusting their personnel budgets?

The Kienbaum salary development forecast shows the expected changes in salaries and inflation rates for 46 countries, with a special focus on Germany, Austria and Switzerland as well as Europe. The aim of this forecast for 2023 is to provide you with the best possible support for budgeting and salary rounds. In addition to current data on salary development, this forecast also evaluates the expected inflation in 2023 in order to show you not only the nominal but also the real expected income development

The report ist free of charge and available in German and English.

German Version

This study provides valuable information regarding the expected salary increases in 46 European, non-European and other selected countries for 2023.

Data Base:

• 800 participants from companies of different sizes and industries

Differentiated in:

• Top, Senior, Middle, Lower Management as well as specialists and qualified workers

Content

• Background and data base
• Salary Forecast
• Inflation rate forecast
• Salary development in EU, non EU and outside Europe
• Deep-Dive into Germany, Austria and Switzerland

EU-Countries:

• Germany
• Austria
• Belgium
• Bulgaria
• Denmark
• Estonia
• Finland
• France
• Greece
• Ireland
• Italy
• Croatia
• Latvia
• Lithuania
• Luxembourg
• Netherlands
• Poland
• Portugal
• Romania
• Sweden
• Slovakia
• Slovenia
• Spain
• Czech Republic
• Hungary

Non-EU-Countries:

• Switzerland
• Bosnia and Herzegovina
• Liechtenstein
• North Macedonia
• Norway
• Russia
• Turkey
• Ukraine
• United Kingdom

Outside Europe:

• Argentina
• Australia
• Brazil
• China (Beijing)
• China (Shanghai)
• India
• Japan
• Canada
• Mexico
• Singapore
• Thailand
• UAE
• USA