How are Czech employees paid?

How are Czech employees paid?

(PWC, jap)
Two consulting firms, PricewaterhouseCoopers and KNO Worldwide, have published a new study on wages, reward policies and labor market development in the Czech Republic. The study is based on data concerning 11,500 people employed at 74 Czech companies. Of them, 46 percent are small firms with up to 99 employees, 34 percent are companies with 100-400 employees and the rest are large companies employing more than 401 people.
According to the report, despite the fact that the average salary increased 13 percent between September 1997 and August 1998, salary increases slowed when looking at long-term trends. The biggest increases were recorded in the technology and service sectors (22 percent), high-level management (19 percent), finance (14 percent) and marketing (11 percent). On the other hand, salaries in the customer service sector fell three percent.
"A comparison of companies by size shows that the lowest wages are in the middle-sized firms," said Kamila Mrázková of KNO Worldwide. "Smaller companies pay nearly 16 percent more than the average-sized ones, and the largest, which employ more than 400 people, pay 17 percent more. There are also differences among regions. Prague, where the average wage is 35 percent higher than everywhere else, is at the top," she added.
According to the authors of the report, studies of wage tendencies and reward policies definitly are not an end in themselves. They are, however, a powerful tool for the creation and evaluation of individual company pay and reward strategies.

(HN Kariéra, Page 8)