The most important criteria for employees when choosing a new job is clearly a better salary compared to what they currently earn. More money and financial benefits are the deciding factors for 63 per cent of employees when choosing between different jobs. A higher salary is the key criterion in up to three quarters of all cases involving those feeling underpaid. An attractive job description is the second most important factor considered when making a career change decision. More engaging work is a strong motivating factor for change for those who are satisfied with their current salary. This is associated with the third strongest criterion, an inspiring and stimulating environment, where an employee can make the most of their knowledge and skills.
All 3 portals have collected more than 3.1 million salary questionnaires since 2007.
Information technology is one of the best paying sectors with pay developing at much more dynamic rates compared to other industries. Other sectors in which employees expressed their curiosity as to market salary changes include mechanical engineering and the auto industry.
Java programmers, IT testers and technical support specialists currently monitor their salaries in information technology the most intensively in Slovakia. The portals collected the largest number of salary questionnaires for these positions.
Other sectors in which employees expressed their curiosity as to changes in the pay market include mechanical engineering and the auto industry. Salary portals collected more than 21,700 salary questionnaires in both sectors. The specific positions of designer, mechanical engineer, CNC tool set-up technicians and CNC programmers were the top pay-related searches in the mechanical engineering sector. The most searched jobs in the auto industry included: process engineer, quality controller, technologist and maintenance engineer.
The top ten industries in which people most intensively monitor their market value are the construction industry, retail and wholesale, banking and finance, transportation and logistics, administrative and support services, the electronics industry and healthcare.
Lack of salary information
A lack of salary information among employees and job seekers is one of the main reasons why people search for salary information themselves using salary portals. A contributing factor is the fact that most employers do not disclose salaries in job adverts.
There is currently a draft amendment to an act working its way through the Slovak parliament that would oblige employers to disclose a gross base salary in job adverts. This act assumes that an employer cannot give an employee any less than the advertised salary. Job seekers still only have part of the picture when it comes to a company's remuneration policy, especially if the company publishes a salary range instead of a specific figure.
Independent information on a job's current value on the labour market and the ability to compare pay information for the same position with other employees give candidates a better overall picture of remuneration and the opportunity to better negotiate their own salary. Thanks to the portal, candidates have access to information on the total compensation package for a specific position, including variable salary components and bonuses, while the portal also compares non-financial benefits.
We have been monitoring salaries in Slovakia, the Czech Republic and Hungary for 10 years
The salary portals Platy.sk, Platy.cz and Fizetesek.hu have provided employees and candidates with the ability to compare salaries of identical jobs anonymously for 10 years. All 3 portals have collected more than 3.1 million salary questionnaires since 2007. Continuous salary monitoring launched in January 2017 with the localised Paylab Salary Checker mobile app.
Long-term know-how and a database of collected data help these salary portals rank as the largest market research tool and source of specialised compensation and benefits-related information in the entire Central Europe region. Profesia and Workania use salary data on financial and non-financial benefits in job market analyses for employers active in Central Europe as well.
This popular service has operated on an international basis under the Paylab.com brand since 2015, enabling people from around the world to compare their salaries. Salary portals are gradually being localised in other countries in Europe and Africa. Paylab currently operates portals in local languages in 15 countries and regularly focuses on career topics via employee research under the name Paylab Compensation Monitor.
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