In 2001 the hourly wages of employees increased by 4.9 percent. Some 4.3 percent of the increase was the result of collectively negotiated contracts (CAO). The remaining increase of the hourly wages, called incidental wage increases, was 0.6 percent in 2001.
Incidental hourly wages
Incidental wage increases in 2001
The incidental wage increase in 2001 is about the same as the average of recent years. This is despite the hike in CAO wages in 2001. How much the incidental wage increase is depends among others on promotions and individual bonuses, but also on changes in the company’s work force.
Incidental wage increase of stayers 2.6 percent
Stayers in the job market are people who had jobs on 31 December 2000 as well as 2001. Their incidental wage increase was 2.6 percent. This is more than the incidental wage increase for all employees. The influx of new employees reduces the wage increase for all employees, because as school leavers etc. they earn much less on average than other employees.
Incidental hourly wages by employee position, 2001
High incidental wage increase for job hoppers
People changing jobs, called job hoppers, saw an incidental wage increase of no less than 4.5 percent in 2001. The reason why this increase is so great is because people tend to earn more in the new job than in the job they left.