75 percent more salary: In which professions salaries are currently rising drastically

Created: 04/11/2022, 16:50

By: Lisa Mayerhofer

Especially the highly qualified were able to earn higher salaries during the corona pandemic.

(Iconic image) © Alexander Heinl/dpa-tmn

Corona has changed a lot.

This also applies to the salary structure in many industries.

During the pandemic, top-qualified people in particular reaped substantial salary increases.

Munich - According to the Federal Statistical Office, the inflation rate in March was 7.3 percent and thus higher than it had been for 40 years.

Energy in particular became drastically more expensive compared to the previous year.

In view of the renewed jump in inflation, several trade unions have called for substantial wage increases for their employees in the next wage rounds.

Unions demand more salary - is there a wage-price spiral?

The deputy chairman of the food-enjoyment-inn trade union, Freddy Adjan, told the

newspaper: "Wages must now rise quickly and significantly." Because the cost of living, which is rising far too quickly, is a huge problem, especially for employees with low wages.

Ulrich Silberbach, head of the German Association of Civil Servants, demanded an increase of more than six percent.

There must be “real income growth” that only exists “above the inflation rate,” Silberbach told the newspaper.

Meanwhile, economists fear a wage-price spiral: workers demand higher wages, and in order to pay them, companies subsequently raise the prices of their products, which entails further wage demands.

In view of the constantly rising prices, it would then become increasingly difficult for the economy to make investment decisions.

Confidence in the euro could wane among private individuals.

Inflation could become permanently high.

However, this scenario does not appear to be within reach: So far, the European Central Bank has not seen any serious signs of such a development.

Specialists were able to improve salaries during the corona pandemic

In fact, most Germans have to put up with falling real wages.

But there are exceptions: A study by the management consultancy Willis Towers Watson (WTW) suggests that since the Corona pandemic *, salaries have risen sharply, especially in jobs with special knowledge.

, WTW has access to more than 400,000 salary data from 870 companies for its analysis

.

The result: With ten jobs, wages have risen on average by more than ten percent within two years.

IT system architects performed best.

According to the analysis, their wages have risen by an average of a quarter since the beginning of the corona pandemic.

The salaries of sales staff in the major customer area increased by an average of 15 percent.

There were also salary increases of more than ten percent in controlling, marketing and financial analysis.

Changing jobs: A shortage of skilled workers causes wages to rise

One reason for the rising salaries is the acute shortage of skilled workers and the growing inflation rates.

If the top-qualified then dare to change jobs, they can usually look forward to large salary increases.

Salary trainer Claudia Kimich sees top-qualified people changing jobs as the greatest lever for more salary.

She reports to the

about a client from sales who was able to increase her salary by 75 percent within two years by changing jobs twice and would now earn almost six figures.

"In the first Corona summer, it was still 56,000 euros annual salary."

Employers can counter rising salaries by making more effort to retain their employees.

It's not just about paying them more, but also offering a better working atmosphere: According to Stanford economist Nicholas Bloom, two days of home office as an additional benefit are equivalent to a salary increase of seven to eight percent.

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