Salary statistics NITO Private 2024
NITO's members in the private sector continue to have high wage growth in 2024. The figures show that the labour market for engineers and technologists is good, and that loyalty is rewarded.
The salary statistics for NITO Private in 2024 show:
- The average salary as of 1 October 2024 was NOK 875,292 per year
- The average starting salary was NOK 623,193 per year
- The general wage increase from 1 October 2023 to 1 October 2024 was 5.9 per cent
- The wage increase for identical persons was 7.0 per cent
"These are good figures for NITO's members and show that our union representatives have done a good job in last year's wage negotiations," says Øyvind Kyrkjebø, head of NITO Privat.
- Average wage growth has remained at the same level as in 2023, but inflation has been lower. This resulted in a general wage growth of 5.9 per cent, which is higher than in 2023.
This figure does not take into account the fact that someone has quit or started a new job. That's why it's just as interesting to look at identical people.
Loyalty pays off
- Changing jobs is often a driver of wage growth. Getting a new position with more responsibility in the company you work for gives better results than changing jobs to a competitor," says Kyrkjebø.
- New position group in the same company gave an average salary increase of 8.1 per cent
- New position group in another company gave 7.7 per cent in average salary increase
- This means that it still pays to be loyal in the company you are employed in. Companies in the private sector are increasingly providing career opportunities within and are conscious of providing career opportunities in order to retain employees.
- Loyalty has started to pay off more in recent years. We are pleased that some money is included for NITO's engineers and technologists who are loyal to their employer.
Øyvind Kyrkjebø, subject manager at NITO Privat.
Engineers and technologists are in demand
" NITO's members in the private sector continue to have high wage growth, which shows that the labour market is good. Engineers and technologists have skills that are in demand," says Kyrkjebø.
- There can be large variations in industries, and it may be a good idea to have the flexibility to dare to move between industries or have the opportunity to move geographically to continue wage growth.
"The fact that there are differences between industries and companies means that NITO's wage policy works.