In the fourth quarter of 2017, Moldova's average monthly wage reached – 6113.60 MDL/Month, which equates to £265.93/month.
Over 17% of salary incomes come from people working abroad and transferring money home. The need for in-country employment is huge, attracting business to invest in the country has to be priority.
World Bank comment:
Moldovan employers report that inadequate technical skills, poor work ethic, and lack of motivation among the workforce have a negative impact on the performance of their firms. Inadequate knowledge of foreign languages appears to be the most pressing problem for high-skilled occupations, while insufficient analytical and problem-solving skills as well as low willingness to learn new things are most cited skills gaps for middle-skilled workers. Two policy measures can help to address the skills gap. First, the education and training system can put more emphasis on the development of socio-behavioral skills in addition to occupation-specific skills. Second, better communication of employers' perspective on missing skills to students and jobseekers can lead to better informed education and career choices.
Reasons why around a quarter of jobs were not filled by employers
Source: Moldovan Labor Market Forecast Survey 2016, Main module. Bank Staff Calculations.
There is a skills shortage in Moldova, including among young workers. This poses a challenge for the education system, which needs to become more responsive to labor market needs in order to support the growth of Moldovan economy.
The education system needs substantial investment so that young people can be equipped to train in specialised jobs and/or start their own businesses.