Average wages - 3rd quarter of 2013

Average wages increased by 0.1% in real terms

04.12.2013
Code: r-3101-13
 




In Q3 2013 the average gross monthly nominal wage per FTE employee in the national economy increased by 1.3% compared to the corresponding period of the previous year. In real terms it rose by 0.1%. The median wage (the value in the middle of the wage distribution) was CZK 21 331.

In Q3 2013 the average gross monthly nominal wage *) (hereinafter only as “the average wage”) per FTE employee in the national economy was CZK 24 836, which was by CZK 322 (1.3%) higher than in the same period of 2012. In the aforementioned period of 2013 consumer prices grew by 1.2% and thus wages increased by 0.1% in real terms. The wage volume grew by 0.1% and the number of employees declined by 1.2%.

The average wage in the business sphere increased nominally by 1.4%, that means it grew by 0.2% in real terms; in the non-business sphere the average wage increased nominally by 0.8%, and thus decreased by 0.4% in real terms.

Compared to the previous quarter, the seasonally adjusted average wage in Q3 2013 increased by 0.3%.

The median wage (CZK 21 331) increased by 1.5% compared to the same period of the previous year. The male median wage was CZK 23 197 and the female one was CZK 19 061. Eighty per cent of employees earned wages within the interval from CZK 10 837 to CZK 39 603.

In the period of the first to the third halves of 2013 the average wage reached CZK 24 622 and its increment was CZK 182 (0.7%), compared year-on-year. In the aforementioned period of 2013 consumer prices grew by 1.5% and thus wages decreased by 0.8% in real terms.
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*) The average gross monthly nominal wage is a share of wage funds (including extra pay for overtime work, bonuses, compensation of wages, etc.) for one employee per month. Therefore this does not indicate what wage one concrete employee has. Results of structural statistics, in which data on earnings of respective employees are available, show that roughly two thirds of employees have the average wage below the national average.
The median wage represents a value of an employee wage in the middle of the wage distribution. That means one half of the wages is lower and the second half of the wages is higher than the median wage. Conversely to the average wage, which is calculated on the basis of background data from enterprise reports, the median must be derived from a statistical-mathematical model based on a sample survey, because enterprise questionnaires contain just aggregated data for the whole enterprise or organization.
It is necessary to keep in mind the employers pay, from the gross wages, appropriate amounts for premiums for health insurance and social security, income tax advances of natural persons, and other statutory deductions, or deductions agreed with the employee for their employees. The employees are paid net wages.

Analysis - Commentary: Labour Market Development in Q3 2013


Notes:
The data are preliminary; revised data will be available in March 2014 .
Responsible head at the CZSO: D Holý, Director of the Labour Market and Equal Opportunities Statistics Department, phone +420 274 052 694, e-mail: dalibor.holy@czso.cz
Contact person: J Erhartová, Head of the Labour Statistics Unit, phone +420 274 052 116, e-mail: jitka.erhartova@czso.cz
Method of data acquisition: The direct survey and models of the CZSO, and the ISPV model
End of data processing: 26 November 2013
Related data set: e-3106-13 Registered Number of Employees and Their Wages (3 rd Quarter of 2013),
http://www.czso.cz/csu/2012edicniplan.nsf/p/3106-13
Next News Release will be published on: 11 March 2013



  • apmz120413.doc

  • Annexes:
  • Table 1 Employees, average gross monthly wages (by activity, Q3 2013 – absolute numbers, changes year-on-year)
  • Table 2 Employees, average gross monthly wages (by activity, Q1 through Q3 2013 – absolute numbers, changes year-on-year)
  • Table 3 Employees, average gross monthly wages (by territory of CZ-NUTS, Q3 2013 – absolute numbers, changes year-on-year)
  • Table 4 Employees, average gross monthly wages (by territory of CZ-NUTS, Q1 through Q3 2013 – absolute numbers, changes year-on-year)
  • Table 5 Median wages of gross average monthly wages by sex
  • Graph 1 Average gross monthly wages (quarters – absolute numbers, changes year-on-year)
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Published: 04.12.2013
The data are valid as of the release date of the publication.


Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz