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University diploma brings career employees significant pay boost

1 June 2018

University education pays off according to the Paylab.com international portal. This analysis has found that the level of attained education is a key factor influencing the salary and salary growth of individuals during their lifetime. Graduate employees earn up to half more than the monthly average of those with secondary school education. Pay grows with increasing employee age - with a more dynamic career pay progression. In terms of lifetime earnings, graduates‘ salary advantage gap will typically never be narrowed by secondary school leavers.

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Paylab Salary Checker Mobile App has iOS version for iPhone

25 April 2018

Paylab, an international salary portal, launched an iOS version of the Paylab Salary Checker. It is good news for iPhone fans, who can also use the mobile app to compare salaries. The app is free and available for download at the App Store. The app is for all employees who want the bigger salary picture, who are unsatisfied with their salary and want to do something about it, and those looking for a job and wanting to know the value of labour for a particular position.

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Does it pay to be loyal to your employer?

22 March 2018

Have you worked for the same employer for a long time or do you change jobs often? What’s the ideal length of time to spend working for one employer? Does it pay off to be loyal? We tried to find the answers to these questions in the international Paylab Compensation Monitor, a survey of employees conducted in January and February 2018 on a sample of 57,719 respondents from 12 European countries.

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Gender Gap: Only 6% of working women ranked among the best paid employees

6 March 2018

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.

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Czech trade sector: earnings in Prague are up to 43% higher than in the regions

28 February 2018

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.

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A higher salary continues to be the most important driver for changing jobs

13 February 2018

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.

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How do employees perceive their salary?

12 February 2018

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.

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Changing job is still the most preferred strategy for employees seeking to increase income

12 February 2018

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.

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Are Christmas and year-end bonuses a given in Europe?

18 December 2017

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.

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IT employees monitor their salaries the most intensively in Central Europe

30 November 2017

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.