Companies want to increase salaries by 3.2 percent

Slovak companies plan to increase basic salaries by 3.2 percent next year, according to the PayWell 2016 study.

Illustrative stock photoIllustrative stock photo(Source: Sme)

Salaries should grow the most in trade and distribution, IT and automotive, while they will rise the least in banking and energy sectors, the study carried out by company PwC finds. Companies increased salaries by 3.4 percent this year against the originally planned 3.7 percent, the Pravda daily wrote on October 20.

The biggest increase in salaries was recorded in the automotive industry and IT this year, while in logistics and forwarding they grew the least, the SITA newswire wrote.

Overall, the level of salaries in the IT branch is almost one-quarter higher than the nation-wide market average. They are followed by shared-service centres (SSC) and pharmacy companies. “The results of this year’s poll showed that basic salaries in SSCs have achieved one of the highest levels, and this sector has ranked among the three best-paid ones in Slovakia,” senior manager and head of the Human Resources department of PwC Slovensko, Peter Lackó, told SITA.

The PayWell study confirmed once again that the highest salaries are in Bratislava; in western Slovakia the level of guaranteed salaries is 15.6 percent under the Bratislava level. Western Slovakia is followed by central Slovakia (16.9 % below Bratislava), while eastern Slovakia placed worst (17.6 % below Bratislava).

Between 2015 and April 2016, the cost of employee benefits per one employee amounted to €792 a year, which is a decline by €37 per employee, compared to last year. The benefits offered most frequently in Slovakia include meal vouchers, support for cultural or athletic activities for employees, extra days off, contributions for insurance, or education which is not directly connected with the job.

 

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Theme: Economics


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