Analytics, Financial Services, Markets and Companies, Wages

The survey comprises data on more than 37,000 employees at 200 entities. Monthly wages for half or 52.8% of employees has not changed from 2014, whereas 0.3% had their wages reduced – at some companies this was for cost reduction purposes or to make the remuneration system more competitive.

Wages for 46.9% of employees have increased from 2014, and the average increase for them has been 6.3%.

Besides wages, 59.2% of employees receive monthly and quarterly bonuses this year. 50.2% of employees this year were paid bonuses for 2014 performance results, which is more than in 2014 when the proportion was at 46.3%.

The average monthly wage in Riga has increased slightly more than in regions – 3.7% and 3.4% respectively. The average yearly salary has increased more in regions, by 5.8%, while Riga recorded a 5.4% increase.