real wage expectation rise growing salary Europe prediction 2017

Europe is stagnating, real wages are growing only in CEE countries. Why?

Compensation and benefitsSalaries in segment
Over the last seven years, employees in the new member states have seen the biggest improvement of their earnings compared to the rest of the EU. Since the financial crisis, the purchasing power and living standards of former Eastern Bloc countries have enjoyed the biggest increase. This indicator is best seen in real wages, which show the purchasing power of wages, i.e. the amount of goods and services you can actually buy with your wage in your country.
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salary dislosure transparency equal pay how much colleages earn

Are companies prepared for salary disclosure?

Compensation and benefitsPay equity
Would you like an official way to determine just how much your colleague, neighbour, partner, acquaintance or friend earns? Simply put, no more taboos or secrets about pay among those around you. Imagine if you could conveniently log on to an online-system available any time of day and find out just how many digits are on the pay stubs of the people you know, and how much the government actually deducts from their income. Salary disclosure can lead to pay equality while the overall trend now is to increase salary and compensation transparency.
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What are the differences in the financial behaviour of millennials born in the 80s and 90s?

Compensation and benefitsSalaries in segment
Millennials, or more accurately Generation Y, are a phenomenon that has had a major impact on the labour market for nearly 20 years. Today’s young adults have brought many new aspects to the work process and often represent a huge question mark for employers and HR professionals. Paylab took a closer look at the financial behaviour of today’s most attractive target group for HR managers, as well as retailers, marketers and developers.
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CEE attracted 18 car brands, which have active assembly plants for personal motor vehicles

Compensation and benefitsSalaries in segment
Did you know that in the region of Central and Eastern Europe are being produced personal car models of 18 famous car brands? If you are driving cars like Audi, Citroen, Dacia, Hyundai, Fiat, Ford, Opel, Lancia, Kia, Medcedes - Benz, Peugeot, Porsche, Renault, Seat, Suzuki, Skoda, Toyota or Volkswagen, following popular car models are being produced there. More brands like Land Rover and brands connected with automotive suppliers  started to build new plants there. The CEE region automotive sector is a key player both as employment provider and GDP generator, as most manufactured products are exported.
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IT and digital specialsit potential of Central and Eastern Europe CEE

How can you attract IT talents and IT specialists to work for you?

Compensation and benefitsSalaries in segmentSalary negotiation
Many companies are currently feeling the effects of a lack of talented IT specialists with suitable skills on the labour market and have begun to look for talented help abroad. The Paylab Portal focused on IT specialists from the Baltics, Balkans and Central Europe in an effort to determine their willingness to work abroad. A total of 4,343 IT specialists working in this region across 11 countries in Central and Eastern Europe (CEE) participated in a Paylab survey at the beginning of 2017. They primarily included software engineers, technical specialists and programmers. Higher earning potential was the most attractive reason to work abroad, given that they were likely to earn at least double in Western Europe than what they were earning in their home country.
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Salary negotiation – Why are women less assertive than men in promoting their own interests and demands?

Pay equitySalary negotiation
Women are, in general, less assertive than men in promoting their own professional interests and demands. A lack of initiative in promoting one’s own personal interests is one of the major factors why women earn less than men and why their careers progress much more slowly. Lower incomes put women at financial risk and disadvantage upon retirement, given their lower savings and pensions. Retired women, single women and single mothers are at the greatest risk of poverty. What stands behind this behaviour?
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What is the best way to approach negotiations concerning your salary and job conditions?

Compensation and benefitsSalary negotiation
Conditions have never been better on the job market for employees to push for and negotiate conditions with which they will be truly satisfied. Skilful and capable people on the market are few and far between, and HR professionals have responded by thinking of inventive ways to attract and retain the best talent for their companies. All companies internally assess employees based on the added value they deliver to the business, their leadership, support, relationships, and especially in terms of the ROI (return on investment) they deliver. If you’re one of your company’s key employees, it’s good to know both your internal value and your overall market value, which is primarily determined externally, outside the company, by comparing your salary to the market value on Paylab.com.
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What are the best paid job positions in banking sector in CEE?

Compensation and benefitsSalaries in segment
Banks are among the most important employers around the world and, given that they are institutions that manage and mediate money and financial transactions, are a part of a select group, together with the IT sector, technology, and suppliers of commodities, comprising the best-paying industries. Banks provide their employees with the most generous bonuses in relation to their base salaries of all the mentioned industries. Of course, banks also have a specific hierarchy of job positions, each of which has its own market value. Paylab examined bank salaries in more detail and compiled a ranking of the best-paying positions, based on 6507 answers from survey of CEE users in Slovakia, Czech republic, Hungary, Estonia, Lithuania and Latvia.
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10 fun and easy ways to make some extra money

Pay equityUncategorized
Every month when your bank account notification pops up on your mobile screen, it’s a good sign that your salary has arrived and is waiting to be spent on whatever you want. You know how it should go – lower wages, less spending, but when we make more money we naturally want to spend more. Our living standards are rising, we’re buying more expensive goods, and our expenses are increasing too. If we want to put some money aside, we can either plan our finances and eliminate impulse purchases or even find a side job to make more money.
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