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  • Corporate reactions to the raise of the minimum wage and the guaranteed minimum wage

    This brief analysis is to study what steps national corporations have already taken or they plan to take in 2017 concerning minimum wage raise and ...

  • Monthly Bulletin of Economic Trends

    Contents: Corporate reactions to the raise of the minimum wage and the guaranteed minimum wage Characteristics of the Russian economy International ...

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6 of June, 2017Research
Corporate reactions to the raise of the minimum wage and the guaranteed minimum wage

This brief analysis is to study what steps national corporations have already taken or they plan to take in 2017 concerning minimum wage raise and the increased guaranteed minimum wage for the skilled workforce in 2017. In the analysis eight taken or due steps in 2017 will be examined: (1) to avoid wage disparity those earning beyond the level of minimum wage will have a wage increase: (2) planned staff recruitment will be cancelled; (3) there will be layoffs; (4) planned investments will be postponed; (5) the scope of activity and tasks of those employees affected by the wage increase will be modified; (6) the affected employees’ employment will become part-time employment; (7) the benefits of the affected employees will be cut; (8) variable pay/at-risk pay will be decreased (bonuses, on-target earnings).

This study used the research conducted in April 2017 on corporate prosperity by HCCI (Hungarian Chamber of Commerce and Industry) IEER (Institute for Economic and Enterprise Research); during this research more than 3200 corporate leaders provided answers to the research questionnaire.

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