The forecast for labour costs per employee FTE in the UK’s electronic components and boards sector shows a steady increase from €43.3k in 2024 to €44.9k in 2028. Comparing these values to an estimated €43.0k in 2023, the predicted increase suggests an average year-on-year growth rate of approximately 1%. Over five years, this implies a compound annual growth rate (CAGR) of around 0.9%.
Future trends to watch for include:
- Potential impacts of inflation and economic conditions influencing wage adjustments.
- Automation and technological advancements possibly affecting workforce cost dynamics.
- Regulatory and policy changes that might alter employment or operational costs.
- Global supply chain shifts impacting the UK electronic components and boards market.
