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Compensation and benefitsSalaries in segmentSalary negotiation
On the labour market, our career performance is valued by our salary and this money is spent on the things we need and want. The amount of our salary has a multitude of effects on our everyday life and its quality. There are even studies that have examined the connection between salary and personal happiness. According to the international salary portal, salary is still one of the most important criteria when considering a new job and survey results show that finding a better paying job tends to be a more effective strategy than negotiating a higher salary from a current employer. Why are people increasingly sensitive to how much they earn? Why is a salary such a critical part of our lives?
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Compensation and benefitsSalaries in segment
Your education is likely to affect your children’s future direction. Various research has suggested that when parents have a university education, it’s very likely that their children will also study at college. Whilst children from weaker social environments - mainly due to their parents' attitudes - have lower overall aims and chances for a better life. Higher education is an opportunity for many young people to make a positive change and combat poverty. But is it really worth investing the time, energy and money in university studies? Paylab.com has set out to answer these questions from the wider perspective.
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Pay equitySalaries in segment
You are not alone. Nearly three-quarters of employees would want to know how high paycheck of their colleagues is. Salaries and wages remain a taboo subject in European countries. Companies usually try to keep pay details secret and very few employers publish salary and wage details in their job adverts. But companies are starting to drive some iniciatives to convince the workers that their company remuneration is fair. Are you sure that your remuneration is treated fairly compared to other colleagues in your company?
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Compensation and benefitsSalaries in segment
Over the last seven years, employees in the new member states have seen the biggest improvement of their earnings compared to the rest of the EU. Since the financial crisis, the purchasing power and living standards of former Eastern Bloc countries have enjoyed the biggest increase. This indicator is best seen in real wages, which show the purchasing power of wages, i.e. the amount of goods and services you can actually buy with your wage in your country.
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Compensation and benefitsSalaries in segment
Millennials, or more accurately Generation Y, are a phenomenon that has had a major impact on the labour market for nearly 20 years. Today’s young adults have brought many new aspects to the work process and often represent a huge question mark for employers and HR professionals. Paylab took a closer look at the financial behaviour of today’s most attractive target group for HR managers, as well as retailers, marketers and developers.
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Compensation and benefitsSalaries in segment
Did you know that in the region of Central and Eastern Europe are being produced personal car models of 18 famous car brands? If you are driving cars like Audi, Citroen, Dacia, Hyundai, Fiat, Ford, Opel, Lancia, Kia, Medcedes - Benz, Peugeot, Porsche, Renault, Seat, Suzuki, Skoda, Toyota or Volkswagen, following popular car models are being produced there. More brands like Land Rover and brands connected with automotive suppliers started to build new plants there. The CEE region automotive sector is a key player both as employment provider and GDP generator, as most manufactured products are exported.
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Compensation and benefitsSalaries in segmentSalary negotiation
Many companies are currently feeling the effects of a lack of talented IT specialists with suitable skills on the labour market and have begun to look for talented help abroad. The Paylab Portal focused on IT specialists from the Baltics, Balkans and Central Europe in an effort to determine their willingness to work abroad. A total of 4,343 IT specialists working in this region across 11 countries in Central and Eastern Europe (CEE) participated in a Paylab survey at the beginning of 2017. They primarily included software engineers, technical specialists and programmers. Higher earning potential was the most attractive reason to work abroad, given that they were likely to earn at least double in Western Europe than what they were earning in their home country.
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Compensation and benefitsSalaries in segment
Banks are among the most important employers around the world and, given that they are institutions that manage and mediate money and financial transactions, are a part of a select group, together with the IT sector, technology, and suppliers of commodities, comprising the best-paying industries. Banks provide their employees with the most generous bonuses in relation to their base salaries of all the mentioned industries. Of course, banks also have a specific hierarchy of job positions, each of which has its own market value. Paylab examined bank salaries in more detail and compiled a ranking of the best-paying positions, based on 6507 answers from survey of CEE users in Slovakia, Czech republic, Hungary, Estonia, Lithuania and Latvia.
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Compensation and benefitsSalaries in segment
The international portal for wage comparisons – Paylab – has compiled a ranking of the highest paid sectors where it is worth working. The portal has salary information for more than 500 jobs from over 454,000 respondents, which are analysed based on business areas in which employers operates. In this analysis, Paylab took into account all types of jobs from unskilled to management positions.
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Salaries in segment
Information technology, electronics, automation, new media, technology startups and innovations stand today on a pedestal of public and corporate interest because they increase productivity, indicate trends and improve overall quality of life. Personnel with technical backgrounds, such as technicians, technologists, engineers, IT specialists, programmers, web developers, etc., now have interesting career opportunities. On the other hand, some positions in social or economic fields such as financial analyst, lawyer, doctor, marketer, coach, interpreter, policeman, journalist, real estate agent, and others can also be well-paid. From a global point of view, are technical positions better paid than non-technical positions?
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