Pay rises in many eastern European countries continue to outstrip price inflation"
London, United Kingdom (PRWEB UK) 5 July 2012
The latest review of pay across Europe published by the Federation of European Employers (FedEE) indicates that median gross hourly wages and salaries range from 195.84 krone (26.34 euros) in Denmark to 16.91 leu (1.10 euros) in Moldova.
The FedEE study covers 32 benchmark job positions in 47 countries and territories. Since last year’s study the Republic of Ireland has risen from 10th to 7th place and the United Kingdom from 18th to 14th in the earnings league table. The highest paying former “iron curtain’ state is now Slovenia (ranked 26th) with hourly earnings just 22% of those received in Denmark.
Launching the 11th edition of this annual report today Robin Chater, Secretary-General of The Federation of European Employers (FedEE) pointed out that “Pay rises in many eastern European countries continue to outstrip price inflation and also pay increases in most western European countries. However, pay levels are originating from such a low base that it will be at least 10 years before pay levels in countries such as Croatia and the Czech Republic reach parity with middle order western European countries such as Italy and Austria.”
Pay in Europe 2012
Benchmark Pay levels for 32 job positions
in 47 European countries and territories
Published: July 2nd 2012 [ISBN 978-0-9573196-0-8]
The Federation of European Employers (FedEE), London, UK
Price: £295.00 (or as an integral part of FedEE membership)
What is FedEE?
The Federation of European Employers (FedEE) is the leading organization for multinational companies operating in Europe. It was founded in 1989 with assistance from the European Commission and has its head office in London, UK. The Federation is a direct member organization currently chaired by Ford Europe.
For further information, comment or an electronic copy of the report please contact Alison Merrett on 0207 520 9264 or Alison(dot)Merrett(at)fedee(dot)com or Robin Chater directly on robin(dot)chater(at)fedee(dot)com.