The millennials, or more accurately Generation Y, are a phenomenon having a major impact on retail and real estate markets thanks to their consumer behaviour. The international Paylab salary portal decided to take a closer look at the real purchasing power of the current employed generation of millennials in the countries of Central Europe, the Baltics and the Balkans, where it operates the largest on-line portals dedicated to salary information.
The automotive workforce in Central Europe is becoming more expensive. In comparison to last year's average values, the wages of automotive industry employees in Central Europe have grown in the first half of 2017. The most significant growth was recorded by the international Paylab salary portal in Hungary (+10%), Croatia (+6%) and Slovakia (+5%). In the first half of 2017, wages increased by 4% in the Czech Republic compared to last year's average values.
Workplace stress has an influence on sleep. People who are stressed sleep less. The Stress in the Workplace Study, conducted by the international Paylab.com portal, shows that employees who regularly sleep 6 hours or less during the work week are more likely to complain about stress at work. They suffer from an onslaught of duties and responsibilities, low salary, overtime work, and a lack of free time and rest. The survey was conducted at the start of 2017 and involved a sample of 58,508 employees in 11 European countries. The survey is part of PAYLAB COMPENSATION MONITOR which observes on regular basis trends related to remuneration.
The pay gap between men and women endures and is a pressing issue almost worldwide. A comparison of salaries at the position level provides a relevant insight into fair financial compensation. Based on an analysis conducted by the international Paylab.com portal, women earn 2 to 11% less on average than men in the same positions in individual CEE countries.
The willingness of people from Central and Eastern Europe to travel abroad for work is quite high. Only three out of ten employees from this region completely rule-out the option of working abroad. Almost half the CEE region’s employees declared a willingness to travel abroad for work, either for several weeks or months, or a longer period. But they are more choosy about the job offers. Men are significantly more interested in working abroad than women. The survey is part of PAYLAB COMPENSATION MONITOR which observes on regular basis trends related to remuneration.
Paylab, an international salary portal, launched the Paylab Salary Checker - a mobile app allowing users to compare salaries. The app is free and available for download at the Google Play Store. The app allows you to be constantly fed information about salary developments for a particular position in a specific country. All work has its value, hence you should have constantly updated information about your value on the labour market.
Many employees look forward to a year-end bump in their pay as a result of a financial bonus above and beyond their monthly salary as reward for their year-round effort and performance at work. Analysis from the Paylab salary portal shows that 12 to 26 per cent of employees received year-end bonuses in Europe, which typically do not exceed their average monthly base salary.
The Central and Eastern Europe region has recently become an attractive area for foreign investments into manufacturing and industry in Europe, due in no small part to the fact that the minimum monthly wage in all former Eastern Bloc countries, except for Slovenia, fluctuates at a level below €500. Paylab has focused on this topic deeper.
Over the last couple of decades CEE country capital cities have become appealing destinations for foreign investments. International and local companies in the capitals usually offer higher-than-average salaries. The salaries of top managers across CEE also show major differences.