A survey conducted by rozee.pk, Pakistan’s leading job portal, and International research company, YouGov, reveals the majority of working Pakistanis believe their cost of living has increased more than their salaries over the past one year. Moreover, almost half have no household savings, and a third save less than 10% of their annual household income.
Three quarters of respondents (75 percent) claim their cost of living has increased by more than 15 percent in the past 12 months and 75 percent of respondents feel they received pay increases that are less than the increased cost of living. Interestingly, almost three quarters of the respondents (74 percent) fee they deserve to get a salary increase of 16 percent or more and over a third (37 percent) expect they will get a raise of more than 15 percent in the next 12 months.
At the same time, two in five (41 percent) of respondents feel there is an excess supply of talent in the job market, which suggests employees will be fortunate to receive salary increases of this level.
