18 June 2018
Time is money and that goes double for the company benefit of extra holiday time. In other words, a company is willing to provide an employee with more time off that is included their salary. More time off during the calendar year is currently one of the most attractive modern company benefits. A Paylab.com survey found that its attractiveness, together with flexible working hours, is on the rise. How many employees do receive 1 to 5 extra days off over and above the legally mandated holiday time? In some countries, however, going on holiday is a true luxury.
1 June 2018
University education pays off according to the Paylab.com international portal. This analysis has found that the level of attained education is a key factor influencing the salary and salary growth of individuals during their lifetime. Graduate employees earn up to half more than the monthly average of those with secondary school education. Pay grows with increasing employee age - with a more dynamic career pay progression. In terms of lifetime earnings, graduates‘ salary advantage gap will typically never be narrowed by secondary school leavers.
25 April 2018
Paylab, an international salary portal, launched an iOS version of the Paylab Salary Checker. It is good news for iPhone fans, who can also use the mobile app to compare salaries. The app is free and available for download at the App Store. The app is for all employees who want the bigger salary picture, who are unsatisfied with their salary and want to do something about it, and those looking for a job and wanting to know the value of labour for a particular position.
22 March 2018
Have you worked for the same employer for a long time or do you change jobs often? What’s the ideal length of time to spend working for one employer? Does it pay off to be loyal? We tried to find the answers to these questions in the international Paylab Compensation Monitor, a survey of employees conducted in January and February 2018 on a sample of 57,719 respondents from 12 European countries.
6 March 2018
Salary differences between men and women are a persistent global issue referred to as the “Gender Gap”. Almost everywhere in the world, the average salary of men is higher than that of women. This is, to a large extent, caused by the fact that women generally work in professions with lower financial compensation. The distribution of women across the individual salary brackets is significantly different than men. While a significantly higher percentage of women perform work falling within the lowest income group, at the same time, compared to women a higher percentage of working men perform work for which they receive the highest salary in the market.
28 February 2018
Salaries for employees in the trade sector (wholesale and retail) are considerably imbalanced in the Czech Republic - significant differences are primarily between the capital and the rest of the country. An examination of statistical salary differences by regions reveals that total salaries for trade employees in Prague are up to 43% higher than in other regions, which equates to around CZK 9,833 more for employees in Prague.
13 February 2018
The most important criteria for employees when choosing a new job is clearly a better salary compared to what they currently earn. More money and financial benefits are the deciding factors for 63 per cent of employees when choosing between different jobs. A higher salary is the key criterion in up to three quarters of all cases involving those feeling underpaid. An attractive job description is the second most important factor considered when making a career change decision. More engaging work is a strong motivating factor for change for those who are satisfied with their current salary. This is associated with the third strongest criterion, an inspiring and stimulating environment, where an employee can make the most of their knowledge and skills.
12 February 2018
Every other employee in the Baltics and Central Europe considers their income to be inadequate with regard to job position.
The highest rate of salary dissatisfaction was expressed by employees in Slovenia and Lithuania, where six out of ten employees consider their salary to be inadequate.
The lowest rate of salary dissatisfaction was by employees in Finland, where only four out of ten employees feel underpaid. This is the result of the current international Paylab survey.
12 February 2018
Employees who feel underpaid are much more likely to look for a new, better-paid job as the most viable/acceptable way to increase their income. This option is favoured by 65%, i.e. the majority, of employees who regard their income as inadequate with regard to their job position. This is the result of the current international Paylab survey.
18 December 2017
How many employees receive a 13th salary (Christmas bonus) and year-end bonuses? What is their average amount? Paylab took a detailed look at the standards and conventions in individual European countries where this international salary portal maintains a strong network of local salary portals.
