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Poland Human Capital Overview 2022
As a hub for innovation, finance, and technology development, Poland is a popular target for outsourcing and offshoring. In addition, the workforce is well-educated, a large portion of the population speaks English fluently, and the tax laws are favorable to international businesses seeking to offshore.
Below, we examine a few of the most significant human capital trends impacting Poland.
Tech Graduates and Workforce
As the entire European continent doubles down on its tech investments, Poland has thrown its hat into the ring. Poland’s labor market is saturated with talented technology professionals, which hacaught the eye of tech giants like Intel. Recently, Intel launched a massive research and development lab in Gdansk.
- Tech Companies: Poland is home to thousands of tech startups and established businesses. There are over 430,000 IT specialists located within the Polish borders.
- Student Growth: Whereas the average salary in Poland may be less than 1,000 Euros per month, a talented software developer can earn three times that amount, if not more. This disparity has incentivized thousands of young and creative individuals to pursue higher education in a technology-related field.
- Incentives for Outsourcing: The combination of an influx of students and an abundance of existing talent has made Poland a prime outsourcing location for technology organizations.
Key Sectors for Local Activity
While the Polish IT sector is a proverbial hotbed for growth and innovation, the Polish economy is by no means one-dimensional. Other thriving sectors of the Polish economy include:
- Agriculture: The Polish agricultural sector is integral to the nation’s economy. Not only does it support the nutritional needs of Polish residents, but it also produces several commodities that are distributed across Europe.
- Mining: For decades, mining has been a significant component of the Polish economy. However, the push toward sustainable practices has led the nation to invest heavily in renewable energy over the last few years. As this trend continues, mining may take a backseat to renewables in the Polish economy.
- Manufacturing: Prior to Poland’s own digital revolution, the nation relied heavily on manufacturing to fuel its economy. Even as the tech industry continues to grow, manufacturing is poised to remain a major sector in Poland.
Key Sectors for Outsourcing
The ever-growing tech market makes Poland a prime location for outsourcing software development and application design projects. Technology companies can tap into the Polish labor market to gain access to talented individuals eager to prove themselves and earn a well above average wage.
In addition to the tech space, businesses operating within the manufacturing industry may also benefit from outsourcing. Poland has a large pool of experienced manufacturing professionals, which would allow businesses seeking to outsource to get their operations running expediently.
While not all Polish people learn English during primary education, a large percentage of the population is fluent in the language.
In a recent look at the top 100 largest nations with strong English skills, Poland was ranked 16th. English is frequently used throughout Poland, but especially in large cities and transportation hubs, such as airports and train stations.
The average monthly salary in Poland is approximately PLN 7,560 per month. This amount translates into slightly less than $2,000 USD monthly. On average, Polish workers earn about PLN 90,000 or $24,000 USD annually. This low average wage makes Poland a popular outsourcing option for businesses across all industries.
Prominent Cities for Business
Poland’s most prominent destinations for businesses looking to outsource or offshore key operations include:
- Warsaw: Warsaw, the capital city, is a popular tourist destination and an emerging technological hub.
- Krakow: Krakow, another large Polish city, is located near the Czech Republic border. While it is best known for its medieval architecture, Krakow has an expansive market square and is home to many tech companies.
- Szczecin: Szczecin is located directly on the Oder River in the northwest region of the nation. The city is one of Poland’s most prominent cultural centers.
When compared to the awful attrition rates experienced by U.S. businesses during the Great Resignation, Poland’s business sector was relatively unphased by the turbulent events of the last few years.
Poland experienced a voluntary turnover rate of slightly more than 13% in 2020. The rates remained under 15% in 2021, which is a positive sign for businesses looking to offshore.
Is Poland Right for Your Business?
SERVIAP is a leading Professional Employer Organization (PEO) ready to help your business expand operations throughout the Western Hemisphere. PEO is a model of co-employment, where we assume total responsibility for your talent, allowing you to focus on the strategic activities of your organization.
Contact us today to learn more about how you can expand your business in Poland.