Wages in international companies in ČR grow slower in 2012

Prague, Feb 26 (CTK) - Wages of employees and managers of international companies in the Czech Republic grow slower and last year they rose by 4.2 percent on average, according to the results of a study of the Czech-German Chamber of Industry and Commerce (CNOPK) and firm Kienbaum Management Consultants.

Wages grew by one percentage point faster in 2011 and by 7 percent in 2010 and 2009.

The size of the wages differs in individual sectors and regions. The study confirms that employees with higher education earn more. The highest starting wages are paid to people with technical education and IT experts. People who studied law and economics follow. Those who studied social sciences are at the bottom of the list.

Over a half of companies said the level of eduction of their employees was satisfactory and some one fifth complained it was insufficient. Over three fifths of companies added that it was sometimes hard to find qualified people on the labour market.

The size of the wage depends also on the position people hold and on their performance, as well as on external factors like the situation on the labour market.

Managers in banks and insurance companies are getting the highest wages. Wages of medical technicians are over 60 percent higher than the average as well. Energy production and distribution and raw materials mining and quarrying follow with 53 percent.

The influence of the place where the company is located is growing. Wages of employees and managers in Prague were over a half higher than the nationwide average last year and 30 percent higher in 2011. On the other hand, wages in southern Bohemia and southern Moravia were some 20 percent below the average in 2012.

The slowdown in the wage growth is now visible in the whole of the Central and Eastern Europe. In Hungary, for example, wage growth slowed down by over one percentage point on average to 5.7 percent in 2011/2012 and in Russia from 10.2 to 8.7 percent in the period.

The survey was made on the basis of data on wages of 22,367 employees of 70 companies of different sizes and from different sectors and regions in the Czech Republic.

The CNOPK with some 570 members is the largest bilateral foreign economic chamber in the Czech Republic.