Average wages - 1 quarter 2014

The average wage increased due to annual bonuses paid

05.06.2014
Code: 110031-14
 




In Q1 2014 the average gross monthly nominal wage per FTE employee in the national economy increased by 3.3% compared to the corresponding period of the previous year. In real terms it rose by 3.1%. The median wage was CZK 20 764.

In Q1 2014 the average gross monthly nominal wage *) (hereinafter only as “the average wage”) per FTE employee in the national economy was CZK 24 806, which was by CZK 793 (3.3%) more than in the same period of 2013. In the aforementioned period of 2013 consumer prices grew by mere 0.2% and thus wages increased by 3.1% in real terms. The wage volume grew by 3.4% and the number of employees rose by 0.1%.

The average wage in the business sphere increased nominally by 3.6%, that means it rose by 3.4% in real terms; in the non-business sphere the average wage increased nominally by 2.2%, and thus grew by 2.0% in real terms.

Compared to the previous quarter, the seasonally adjusted average wage in Q1 2014 grew by 0.8%.

The median wage (CZK 20 764) increased by 2.9% compared to the same period of the previous year. The male median wage was CZK 22 600 and the female one was CZK 18 651. Eighty per cent of employees earned wages within the interval from CZK 10 006 to CZK 39 768.
___________________________

*) 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 Q1 2014


Notes:
The data are preliminary; revised data will be available in September 2014 .
Responsible head at the CZSO: D Holý, Director of the Labour Market and Equal Opportunities Statistics Department, phone +420 2 74 052 694, 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: 28 May 2014
Related data set: 110024-14 Registered Number of Employees and Their Wages (1 st Quarter of 2014),
/csu/czso/evidencni-pocet-zamestnancu-a-jejich-mzdy-1-ctvrtleti-2014-a65licc04i
Next News Release will be published on: 5 September 2014



  • apmz060514.docx

  • Annexes:
  • Table 1 Employees, average gross monthly wages (by activity, Q1 2014 – absolute numbers, changes year-on-year)
  • Table 3 Employees, average gross monthly wages (by territory of CZ-NUTS, Q1 2014 – 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)
Archive:
Show all Hide

Published: 05.06.2014
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