The international Paylab network, which includes 19 localised salary portals, has introduced an innovative way of salary data processing. The innovation lies in the use of regression models that improve the salary analyses and provide more comprehensive and detailed data on employee remuneration. This method makes it possible to extract much more information from the collected data and, according to the relationships between the individual datasets, better estimate salaries for job positions with insufficient salary data. It can also fully satisfy a wider range of clients interested in salary reports.
This is based on the sector-specific SALARY REPORT IN TRADE (Wholesale and Retail) analysis completed by the Platy.cz portal (the report comprehensively analyses the remuneration system for Czech employees in trade and is available to download here).
Total salaries are up to 30% higher in Prague when compared to areas outside the capital but these differences are much more significant, up to 43% for the salaries of employees in trade. Prague-based employees also have more non-financial benefits. While the median value of gross salary in trade is CZK € 1,283 in Prague, a total gross salary fluctuating around € 898 is standard outside the capital. Total salary includes financial premiums and bonuses that employees receive in addition to their basic salary.
In terms of financial benefits (variable salary component, 13th salary and bonuses), the situation is as follows: employees outside Prague receive financial benefits much more frequently but the average value of these financial benefits is lower. This is directly related to the significant differences in basic salary, which is used to determine the amounts of these individual financial benefits.
Focusing in on the lowest income group, the decile of the lowest paid employees in trade (1st decile) receives € 781 in Prague, while the same decile in other regions receives € 555, which approaches the minimum wage. Shop assistants are the most frequently represented in this salary group.
Looking at the highest earning decile of employees (9th decile), the standard in Prague is € 2,357 while € 1,673 is the average salary for the highest earning decile outside the capital.
Graph: Median Overall Gross Monthly salary in Trade by regions in the Czech Republic, 2017 (€)
Work in trade is generally less attractive in the Czech Republic with respect to employee remuneration, especially in retail, where total salaries are only 79% of the salaries in wholesale.
There are significant differences in the regions. While employees in trade earn 17% less than the average salary in the regions outside of Prague, the difference is only 6.5% lower compared to the local average salary in Prague. Trade salaries in Prague are much more competitive compared to salaries in the regions.
Miroslav Dravecký, an analyst for the Paylab.com portal that encompasses a network of local salary portals, including Platy.cz, specifies: "The regions where the price of labour in trade has remained the lowest over the long-term are the Karlovy Vary Region and the Liberec Region. Salary differences are anywhere from € 463 to €488 compared to earnings in Prague."
TABLE: Median overall gross monthly salary in trade by regions in the Czech Republic, 2017(€)
The Paylab Salary Report, which comprehensively analyses the remuneration system for Czech employees in trade, is available:
Daniela Beráková, Communication & Content Manager for Paylab.com
Profesia, s.r.o., Pribinova 19, 811 09 Bratislava, Slovakia
Tel.: +421 2 32 20 91 89, Mobile: +421 905 761 264, e-mail: email@example.com