Talent Monitor: update forecast rate development professionals 2022
In December 2021, Intelligence Group and HeadFirst Group took a major, unique step by forecasting the rate trends of temporary professionals for 2022. A total of 114 professional groups went under the microscope. At the same time, we announced an interim update on the predictions made for the middle of this year. Now is the time to present these insights.
Inflation drives up hourly rates furthe
For this update, we analyzed the realized hourly rates of professionals - self-employed and professionals employed by secondment agencies - in the first half of 2022. Using this data, we were able to identify for 46 professional groups, within which the proportion of professionals is large, how the rate increase has developed compared to the previously issued forecast and adjust the forecast for 2022 accordingly.
Prompted in part by an exceptionally scarce labor market - the number of offers per assignment was 7% lower than in 2021 - and very high inflation, there are three main conclusions:
- The rate increase of professionals - practical and highly skilled - averages 4.7% in the first half of 2022.
- By the end of the year, hourly rates are expected to have increased by an average of 10.3%. Still over 3%-point more (!) than already predicted in December 2021.
- The average agreed wage increase for permanent staff for the first half of 2022 is 3.1%. This leaves salaries behind current inflation, inflation expectations and average rate increase of professionals.
Curious about all outcomes? Download the Talent Monitor here.
About Talent Monitor
Every quarter Intelligence Group and HeadFirst Group provide unique insights into labor market related themes based on Intelligence Group's recruitment and labor market data, combined with HeadFirst Group's hiring data. Both data sources are stored in a structured way, in accordance with the ISCO standard.
