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Wage trends in Europe

EUROPEAN REAL WAGES GROWTH 2000-2009 (%) WAGE TRENDS Q1 2008: 4.7% SALARY INCREASE FORECAST High inflation is causing wages to grow faster across Central /Eastern Europe than those in the developed countries. Q1 2011: 2.6% 12% 17 15.1 13.4 10.6 EU-27 NOMINAL HOURLY WAGE 5.3 6.2 6.6 4.6 GROWTH 10% As at 5 Dec 2011, the EU-27 are obliged to adapt their national laws to comply with The Agency Workers Directive (AWD). Under the directive 'equal treatment' applies to basic working and employment conditions of temporaries such as pay and working time. The AWD may increase pay of temporary workers, particularly in markets without pay parity laws. 0.5 0.9 0.8 0.6 2009 2009 2008 ...O... ... .. ... 2000-05 2006 2007 2008 -0.1 2000-05 2006 2007 2008 2000-05 2006 2007 -0.5 2009 -2.2 CENTRAL AND EASTERN EUROPE ADVANCED EASTERN EUROPE AND CENTRAL ASIA COUNTRIES 8% 69.6% OF EUROPEAN FIRMS DEPLOYED LABOUR COST-CUTTING STRATEGIES DURING THE RECESSION MMIE€XXXXAX 6% 59.5% reduced the amount 10.1% 30.4% implemented other cost-cutting measures reduced of labour wages 4% GRADUATE STARTING SALARIES ARE PREDICTED TO FALL IN REAL TERMS IN 2011, THE THIRD CONSECUTIVE YEAR OF DECLINE. AVERAGE STARTING SALARIES: PUBLIC SECTOR £22,000 (US $33,994) LAW FIRMS o £38,000 (US $58,718) 2% INVESTMENT BANKS ...... £42,000 (US $64,898) .......................... The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE),Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK). KELLY. BELGIUM BULGARIA CROATIA ECH REPUBLIC DENMARK FINLAND FRANCE UK GREECE HUNGARY ITALY NETHERLANDS NORW. POLAND PORTUGAL ROMANIA RUSSIA SLOVAKIA SLOVENIA SWEDEN TURKEY

Wage trends in Europe

shared by michaelkirsten on Dec 05
The latest wage and salary trends in Europe.




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