Average wages - 4th quarter of 2011

Average wage fell by 0.4% in real terms

09.03.2012
Code: r-3101-11
 




In Q4 2011 the average gross monthly nominal wage per employee FTE in the entire national economy increased by 2.0% compared to the corresponding period of the previous year. Yet it fell by 0.4% in real terms. In the business sphere the average wage was down by 0.3% in real terms, and in the non-business sphere it dropped by 0.8% in real terms.

In Q4 2011 the average gross monthly nominal wage (hereinafter only as “the average wage”) per employee FTE in the entire national economy was CZK 26 067, which was by CZK 502 (2.0%) higher than in the same period of 2010. In the aforementioned period of 2011 consumer prices grew by 2.4% and thus wages decreased by 0.4% in real terms. The wage volume rose by 1.3%; the number of employees declined by 0.6%.

The average wage in the business sphere increased nominally by 2.1%, but decreased by 0.3% in real terms; in the non-business sphere the average wage was up nominally by 1.6%, yet dropped by 0.8% in real terms.

Compared to the previous quarter the seasonally adjusted average wage in Q4 2011 grew by 0.4%.

In 2011 the average wage reached the amount of CZK 24 319; that means the increase was CZK 522 (2.2%) compared year-on-year. In the aforementioned period of 2011 consumer prices grew by 1.9% and thus the real wages increased by 0.3%.

Please, pay attention to the fact that the News Release on Wages in Q1 2012 will be affected by the administrative move of units in between the non-business sphere and the business one. These spheres are defined by the methodology of national accounts. Eurostat required the classification of certain organisations would be made more precise according to so-called 50% criterion, in which the source of operating costs coverage is tested. This fact will be also reflected in the numbers of employees as well as in the level of wages, namely in the smaller non-business sphere this administrative act may cause the level of the average wage could be changed.
The average gross monthly wage is the share of wages and salaries (including premiums for overtime, direct remunerations and bonuses, refunds of wages, etc.) per employee per month. Therefore it does not indicate the amount of wage each concrete employee receives. Results of structural statistics, providing data on earnings of respective employees, show that approximately two thirds of employees have a wage lower than the national average.

It is necessary to keep in mind that an employee receives a net wage or salary, while the gross wage is such amount, from which the employer pays appropriate amounts on health and social security insurance, employment policy, and advance income tax.

Analysis - Commentary: Development of average wages of employees in 2011


Responsible head at the CZSO: D Holý, Director of the Labour Market and Equal Opportu nities Statistics Department, phone +420 274 052 694, e-mail: dalibor.holy@czso.cz
Contact person: A Porubská, Head of the Labour Statistics Unit, phone +420 274 052 210, e-mail: anna.porubska@czso.cz
Method of data acquisition: the CZSO direct survey and models
End of data processing: 27 February 2012
Related data set: e-3106-11 Registered Number of Employees and Their Wages (4 th Quarter of 2011), /csu/czso/evidencni-pocet-zamestnancu-a-jejich-mzdy-4-ctvrtleti-2011-0ce9tn4v1s
Next News Release will be published on: 7 June 2012
The data are preliminary; revised data will be available in June 2012.



  • apmz030912.doc

  • Annexes:
  • Table 1 Employees, average monthly wages (by NACE activity, quarter – in thousand employees, in CZK, year-on-year changes)
  • Table 2 Employees, average monthly wages (by NACE activity, quarter – in thousand employees, in CZK, year-on-year changes)
  • Graph 1 Average monthly wage (quarter – in CZK, year-on-year changes)
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Published: 09.03.2012
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