Firms ready to increase wages

They are expected to grow the most in trade and distribution, information technologies, and the automotive sector, and the least in the banking and energy sectors.

(Source: Sme)

Companies active in Slovakia plan to increase basic wages by 3.2 percent in 2017, according to the PayWell 2016 study published by company PwC.

Wages are expected to grow the most in trade and distribution, information technologies, and the automotive sector. On the other hand, they should increase the least in the banking and energy sectors, the SITA newswire reported.

In 2016, wages rose by 3.4 percent on average, which was 0.3 percentage points less than originally predicted, the study suggests. Wages increased the most in the automotive sector and IT, while they rose the least in logistics and forwarding.

Salaries are the highest in IT companies, where they are nearly one-quarter higher than the market average. The second highest salaries are in shared service centres, followed pharmaceutical companies.

“The results of the survey suggest that the basic salaries in shared service centres amounted to one of the highest levels and the sector belongs to three sectors with the highest salaries in Slovakia,” said Peter Lackó of PwC Slovakia, as quoted by SITA.

The PayWell study also confirmed the highest salaries are in Bratislava and in western Slovakia. The level of guaranteed salaries in the latter is 15.6 percent lower than in the former. The salaries in central Slovakia are 16.9 percent lower than in the capital, while in the east the difference is 17.6 percent.

The spending on employee bonuses amounted to €792 per employee per year on average between May 2015 and April 2016. Compared with the previous study, they dropped by €37 per employee.

Among the most frequent bonuses belong the meal vouchers, the support of cultural or sporting events for employees, extra days off, contributions to insurance, and various courses that are not directly linked with developing skills necessary for the job, SITA reported.

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