Czech Republic -Disparity in real wage development -June 06, 2013

According to a Hay survey, based on a sample of 507 companies, wages have increased in 2012 by 2.1% whilst inflation was calculated at 2.5%. But, in companies with more than 500 employees costs of the paid real wages grew by 4%. Bonuses were paid a lot, in particular on the basis of individual performances. The total number of employees in these larger companies decreased by 6%. Workers have to work more, and this, combined with a demotivating manager, non-functional processes, the impossibility to do new things and distrust in the company's future, will trigger the best ones to leave in search of a better job.

English: http://praguemonitor.com/2013/06/26/hay-group-firms ...

 

For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.


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