Optimism of Polish entrepreneurs the strongest since 4 years

24 March 2014
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The incoming spring strengthens the optimistic attitude of Polish entrepreneurs. While employers have started to benefit from improving economic situation, their staff enjoys new jobs. According to the latest survey of the Randstad Research Institute and TNS, more than 36% of the companies expect that the Polish economy will rise in the next six months. Such expectation has never been so optimistic since four years.

The number of businessmen who believe in the improvement of Polish economy is the highest since 2010. According to Randstad and TNS survey provided by PAIIiZ, during the past quarter, the group of “optimists” grew by one-third. At the same time, only 10% of respondents describes the current situation of their company as “bad” or “very bad”. Optimistic attitude of employers impacts strongly on the increase of employment and wages.

“The optimism of entrepreneurs is also reflected in the willingness to invest. PAIiIZ supports 20 more projects than exactly a one year ago. Investors who are currently supported by the Agency declare a will to create more jobs - about 5200 more than year on year. It's really an impressive growth - says Sławomir Majman, PAIiIZ president.

“We have been conducted the survey since 2008. The latest results show that such good opinions referring to the condition of Polish economy has been observed for the last time four years ago” - says Kajetan Słonina, Randstad MD.

In terms of sectors, the economic growth in the incoming 6 months is expected primarily by financial intermediation companies (42%), the industry (40%) and construction sector (40 %). The list of “pessimists” is lead by companies representing various service sectors. One of five of them expect even worsening of the economic situation.  The characteristic feature of the Polish market is the fact that the biggest companies operating in Poland lead in terms of the optimistic attitude towards the improvement of the economy (45%), while smaller firms which employ from 10 to 49 people  are less optimistic (33%) .Those who employ form 50 to 249 people are think even more pessimistic (29 %).

The rise of positive opinions coincides with the assessment of the internal situation in the company. Among the 1,000 surveyed companies, only 9% describe the financial situation of the company as “bad” or “very bad”. On the other hand, 60% of entrepreneurs evaluate their current financial condition as “good” or “very good”. The remaining group (28%) neither describes the current situation of the company as “good”, nor evaluates it as “bad”.

In terms of the employment policy, during the last quarter, the majority of companies still had a very prudent approach and didn’t increase the number of new jobs. Maintaining the employment at the same level for the next six months has been declared by 6 out of 10 companies (58 %).However, the construction sector (33%) and the industry sector (32%) have plans to increase the employment - no matter what part of the country the company from those sectors comes from.

As it was expected, in the last quarter, more than a quarter of employers increased wages in their companies (28%). The salaries grew more frequent in companies employing at least 250 people (34 %), and less frequently in companies with 10 to 49 employees (22 %).

Although, comparing to the previous survey, there has been a decline of the percentage of companies planning to increase the salaries in the incoming six months (from 26% to 22%), the number of such employers has doubled year on year.

Among those companies who are planning to increase wages, the increases cover all departments (70%) and will apply to employees at all levels of staff (66%). More than a half of those companies are declaring a will to increase salaries by about 3.99 %, when (25%) of them plan to increase wages from 4% to 6.99%. Only 3% of those companies will rise salaries by 10% to 15.99% .

(Randstad / PAIiIZ)

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