Greek tech companies to raise salaries in 2025 amid ongoing talent shortage
Greek technology companies are planning salary increases in 2025 to attract skilled workers and address a growing talent shortage, according to a new survey. Despite these efforts, many employers believe job seekers' expectations remain far above what the market can support.
A report released by Randstad reveals that 86% of tech firms in Greece intend to raise wages this year. However, most increases will be modest — between 1% and 10% — reflecting the financial pressures many businesses continue to face.
Salary improvement has become a top priority for 62% of employers, up from 59% in 2024, as companies aim to stay competitive. Yet 76% of employers say candidate salary expectations are “excessive,” while only 23% of firms believe they offer above-average pay. Most companies (64%) admit their current compensation simply matches market standards.
Shortage of Skilled Workers Remains a Key Concern
The biggest challenge facing Greek tech companies for the second year in a row is the lack of qualified staff. A full 66% of businesses say the shortage of skilled professionals is their top concern, pushing many to adjust their recruitment and salary strategies.
Despite rising expectations from job seekers, companies are optimistic about the future. Nearly 71% expect higher sales in 2025, while 79% plan to grow their workforce. Technology roles remain in highest demand, with 94% of firms planning to hire in this area. However, employers also report difficulties in recruiting engineers (64%) and sales professionals (59%).
Talent Retention Becomes a Growing Challenge
In addition to hiring, retaining top performers has become increasingly difficult. According to the survey, 58% of employers are struggling to hold on to their most talented employees. At the same time, the appeal of hybrid or remote work arrangements appears to be fading — only 51% of companies are offering flexible work options this year, down from 57% in 2024.
As competition for talent heats up, many companies are being forced to rethink their compensation strategies. Although only a small share offer standout wages, the overwhelming majority are preparing for incremental pay rises in an effort to keep up with candidate demands and market trends.
