More ‘Modern Economy’ Jobs Expected
March 1, 2013
Employment in leading Polish businesses from the “modern economy” sector will rise this year by 5-10 percent over 2012, when it increased 6.23 percent year on year, the ADP Polska outsourcing firm reports.
“Modern economy” is defined as businesses that are market leaders in their sectors—innovative and organizationally flexible firms that are often foreign-owned and apply technologically advanced tools.
“Experts project a further growth in employment in the modern economy sector in 2013, coupled with continued stagnation on the wider market,” ADP says in a report. “Despite differences between detailed forecasts, experts are agreed that growth in employment in the modern economy sector will reach 5-10 percent in 2013 compared with 2012.”
In the second half of 2012, employment in businesses from the modern economy sector rose 6.23 percent compared with the second half of 2011. Large companies posted the highest increase, of 6.52 percent, while the growth in small and medium-sized businesses lagged at 4.3 percent.
“Growth in employment in businesses from the modern economy sector is a lasting trend,” said Anna Sokołowska, a labor market expert at ADP Polska who is quoted in the report. “Although the firms account for a mere 3 percent of the market, they are recruiting [new staff] at an impressive pace. One can assume with a large degree of certainty that the expansion of the sector and a rapid growth in employment in it are unavoidable.”
The report was prepared by ADP Polska experts on the basis of employment data provided by company customers for the period from the fourth quarter of 2010 to the fourth quarter of 2012. The data was compared with Central Statistical Office (GUS) data for the whole labor market in Poland. The survey sample was composed of over 100 businesses using ADP Polska services.