Wage increases for all industries

Average wages for all industries have been raising steadily since 1995 according to a recent Coopers & Lybrand and KNO Slovensko wage survey. "Many companies are realizing that people are their most important asset," said Malcolm Best, Partner of Coopers & Lybrand Slovakia.

Findings from the recent survey include: overall company salaries are expected to raise 11.8 percent, more than two-thirds of companies offer a lower starting salary during the three-month trial period, Bratislava labor costs 50 percent more than the rest of the country, and companies are performing more training of the workers, from management to language skills.

High increases of management salaries are the main reason for the high increase in wages across all industries. Still, across the board raises are common.

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