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Index Jump The Belgian employees can expect an average salary increase of 1.3 percent next year. It is the first time in five years that the Belgian wages will increase less than those in neighboring countries, said the consulting firm Hay Group.
The agency started in September, based on an average salary increase of 2 percent in Belgium, “but by the government’s decision to index jumped the real wage increase will now limited are up 1.3 percent, “it sounds in a press release. That’s the lowest wages in at least ten years, indicating Walter Janssens, a partner at Hay Group.
According to Janssens plays except the index jumped the low inflation. “Since September, we see that the lower inflation forecasts have led to a more uncertain economic climate,” he says. “As a result, companies are still cautious about the wage evolution
” very reluctant “
The limited salary increase is good news for the competitiveness of the Belgian economy, Janssens adds. For the first time in five years, wages will indeed rise on average less than in neighboring countries. Hay Group expects in France an average salary increase of 2.0 percent, from 2.3 percent in the Netherlands, in Germany of 2.8 percent and 3.2 percent in Luxembourg. The European average is 3.1 percent.
“Finally, wages will rise slightly slower than in neighboring countries,” says Janssens. “That gives the Belgian companies a little oxygen.” He warns that employers are “very reluctant” to give out immediately that oxygen, for example new jobs . “They go rather” save “for other wage-related costs,” such as the planned expansion of the guaranteed salary in case of illness, it sounds. This measure was however already been postponed by the Government until January 2016.
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