Salary differences between men and women are a persistent global issue referred to as the “Gender Gap”. Almost everywhere in the world, the average salary of men is higher than that of women. This is, to a large extent, caused by the fact that women generally work in professions with lower financial compensation. The distribution of women across the individual salary brackets is significantly different than men. While a significantly higher percentage of women perform work falling within the lowest income group, at the same time, compared to women a higher percentage of working men perform work for which they receive the highest salary in the market.
Salaries for employees in the trade sector (wholesale and retail) are considerably imbalanced in the Czech Republic - significant differences are primarily between the capital and the rest of the country. An examination of statistical salary differences by regions reveals that total salaries for trade employees in Prague are up to 43% higher than in other regions, which equates to around CZK 9,833 more for employees in Prague.
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.
Every other employee in the Baltics and Central Europe considers their income to be inadequate with regard to job position.
The highest rate of salary dissatisfaction was expressed by employees in Slovenia and Lithuania, where six out of ten employees consider their salary to be inadequate.
The lowest rate of salary dissatisfaction was by employees in Finland, where only four out of ten employees feel underpaid. This is the result of the current international Paylab survey.
Employees who feel underpaid are much more likely to look for a new, better-paid job as the most viable/acceptable way to increase their income. This option is favoured by 65%, i.e. the majority, of employees who regard their income as inadequate with regard to their job position. This is the result of the current international Paylab survey.
How many employees receive a 13th salary (Christmas bonus) and year-end bonuses? What is their average amount? Paylab took a detailed look at the standards and conventions in individual European countries where this international salary portal maintains a strong network of local salary portals.
Information technology employees monitor their salaries the most intensively. A total of 33,587 IT employees in Slovakia, the Czech Republic and Hungary compared their salaries using an anonymous online service over the past 12 months, the most salary questionnaires among all industries. Analysis was conducted using the three largest salary portals, Platy.sk, Platy.cz and Fizetesek.hu, which all use identical data collection methodology. All three portals are celebrating their 10th anniversaries this year and are among the largest information databases on salaries and benefits in the Central Europe region.
Recommend an employee and we’ll reward you. Companies do not underestimate the strength of their employees’ social contacts. Just the opposite, they’ve begun to reward them if they help bring new and skilled help into the firm. The international salary portal Paylab.com, which continuously monitors employee benefits, determined the prevalence of referral benefits in the region of Central and Eastern Europe.
How do employees view present-day leaders? What kind of relationship do they have with their direct superiors? The Paylab.com salary portal completed an international employee survey on the characteristics that contemporary managers lack the most. The survey is part of PAYLAB COMPENSATION MONITOR which observes on regular basis trends related to remuneration. We asked employees in 11 countries across Europe to evaluate their direct supervisor. The portal also examined how their relationship with their boss influenced their salaries.
Discussions about Brexit are intesifying and nobody exactly knows what it brings on the table of common citizens. Will Brexit influence positively the rest of the EU?