Half of Latvian citizens plan to seek additional income due to inflation / Article

A survey of residents conducted by Citadele shows that 45% of the Latvian population is thinking of increasing their income this year. Most will look for a second job, while others are willing to do additional freelance work, increase the workloads at the existing workplace, or work while on vacation. Yet others are gearing up to sell homemade products or sell their own cars or homes.

“There are always things that perhaps we can refuse or use more appropriately. Most of us spend on food ourselves. If we were to approach food issues more pragmatically, we would also find here opportunities to save money. And the other thing we’re seeing, these people who saved during the pandemic have found a really good use for it right now.”

Fišere-Kaïķe believes that savings will be strongly stimulated by positive deposit rates, which increase and contribute slightly to follow inflation.

According to data from the National Employment Agency (NVA), there are currently just over 51,000 jobless residents in Latvia, while 23,712 job vacancies have been registered on the CV and job vacancies portal. NVA employment database, which is the largest national database of job vacancies submitted by employers. , early December. 80% of them are in Rīga and the Rīga region.

Evita Simsone, director of the NVA, said that of all vacancies, part-time work is only offered in 1.2% of cases and is mostly low-skilled.

“The most vacant jobs are in construction, real estate, transportation, logistics and production,” Simsone said. “And the higher demand is also in the restaurant and food industries, information services and technology, and telecommunications. high skilled job vacancies and many in education sector, medical job vacancies, IT and financial sector If it is a high skilled job, it will be quite difficult and demanding to perform two full-time jobs. Simple jobs are usually selected as sources of income and second jobs. What is needed most are auxiliary workers, construction workers, janitors, watchmen, really very simple jobs.

Data from the Central Bureau of Statistics (CSP) shows that over the past 10 years an average of 4-5% or 35-50,000 people worked in addition to their main job. Jānis Lielpēteris, board member of the Latvian Chamber of Commerce and Industry, said part-time work is a relief in terms of labor shortages, but it is not not possible in all sectors.

“The range of choices for jobs you can do in this part-time format is certainly not as wide as you would like, but at the same time there is a plentiful supply of job vacancies, both in the service sector than in commerce, and where there is a need for maintenance of certain equipment or something,” said Lielpēteris.

Lielpēteris said that employers in general are very restless, understanding the particular context of this year with very notable price increases and not hampering the activities of employees in other jobs.

“Of course, let’s say this, the decline in the quality of work is certainly significant and, of course, we also need to look at its impact on employee productivity,” Lielpēteris said. “The main need is for full-time employees, but if that’s not the solution, of course the entrepreneurs are active enough to find the best possible solution in the current situation, and there those part-time jobs are definitely one of the directions that entrepreneurs are working on.”

The Citadele survey shows that men aged 18-29 are the most actively interested in a second job.

According to CSP data, so far women have been more active in taking up additional jobs – in Q3 2022, 5.7% or almost 26,000 women and 3.3% or 14,500 men had a second job.

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