Tailor Your Business in Lodz 2023

LABOUR MARKET IN ŁÓDZKIE REGION PERSPECTIVES ON THE LABOUR MARKET

According to the latest Workmonitor from Randstad, it usually takes three months on average to find a job, which is an incentive for candidates to apply for new jobs and enables employers to tap into a pool of people seeking employment.

HOW LONG DOES IT TAKE TO FIND A JOB

AVERAGE TIME SPENT LOOKING FOR A JOB IN MONTHS

AVERAGE TIME SPENT LOOKING FOR WORK (IN MONTHS) BY GENDER, AGE AND EDUCATION (Q2 2023)

3.1

3.1

3.0

2.8

2.8

2.8

2.8

2.8

2.7

2.7

2.7

2.6

2.6

2.5

2.5

2.5

2.4 2.4

2.4

2.3

2.3

2.3

primary N = 31

18-29 YOA N = 72

2.0 2.0

2.6

2.4

30-39 YOA N = 58

2018 2023 1234123412341234123412 2019 2020 2019 2022

medium N = 100

4.1

3.2

40-49 YOA N = 43

2.3

3.2

higher N = 68

PERCENTAGE OF RESPONDENTS WHO FOUND EMPLOYMENT DURING THE PERIOD IN Q2 2023.

50-64 YOA N = 26

3.0

2 4 16

36

37

6

dłużej niż w poprzednim kwartale

more than a year

7-12 months

4-6 months

2-3 months

1 month

less than a month

Source: Randstad Workmonitor, July 2023

2. COMPETITIVE LABOUR AND LIVING COSTS

The rapid growth in salaries in the Łódź province in the last two years was driven by macroeconomic factors such as high inflation and minimum wage increases. This occurred throughout Poland and all its regions. In 2023, the monthly gross salary in the enterprise sector in the Łódź province rose on average by 13% year-on-year. In June 2023, it averaged PLN 6,682, or EUR 1,501 or USD 1,627 USD (according to the exchange rates of the National Bank of Poland as of the end of June 2023), and was the ninth highest among all the provinces in Poland.

DYNAMICS OF THE AVERAGE GROSS MONTHLY SALARY IN THE ENTERPRISE SECTOR (MONTHLY AVERAGE 2015=100)

190 180 170 160 150 140 130

01 02 03 04 05 06 07 08 09 10 11 12 2021

2022 2023 01 02 03 04 05 06 07 08 09 10 11 12 01 02 03 04 05 06

Polska

Łódzkie region

Source: Office of Statistics in Łódź Communication on the socio-economic situation of Łódzkie voivodship, June 2023

Competitive salaries go hand in hand with competitive living costs, which is also supported by attractive property prices compared to other locations across Poland. The combination of recreational, development, educational opportunities and access to various services are all important factors making Łódź and the Łódź province the right place to work and live in.

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