The average salary in companies exceeds 5 000 gross PLN



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Michał Żuławiński

The Polish labor market
completed 2018 with a strong accent. Salary in companies once
the first exceeded 5,000 zlotys, another record also established employment.

Payroll data generally provided by the Central Bureau of Statistics
they arouse a lot of emotions, especially when, like today, they beat another record.
However, it is worth remembering what the monthly level test really shows
salaries.

According to the latest GUS calculations, the average salary in the
companies (employing more than 9 people) reached in December
last year 5274.95 PLN gross. This is the highest level of
the history of the study up to now.

This is not a surprise – as it is clearly visible on the chart, December is still there
in terms of salary, the best month of the year (previous record of 4973.73
PLN came from December 2017).

Salary and employment in the business sector

Compared to the last month of 2017, average salary
gross
in the business sector increased in December 2018 by 6.1%
This reading did not meet the expectations of analysts who typed an increase in
7.3% In addition, we observed the lowest annual wage growth
in September 2017.

Month, the increase was 6.2% in December, which is only
confirms the uniqueness of December. In 2018, the salary increase reached 7.1
percent.

At the same time, it should be recalled that the data provided each month by the CSO
enterprises (excluding the financial sector) in which the number of employees
exceeds 9 people. They do not concern the smallest companies or the sector
public. This statistic covers about 1/3 of employees in Poland
economy.

In turn, better describe the realities
In the Polish labor market, the median wages report of the Central Statistical Office is published only every 2 months.
years. The latest data was released at the end of November 2017.
and linked to the status for October 2016. This study shows that
half of the employed employees received up to 3,010.67 PLN, or about
2512 PLN net (ie "In hand").

In use also record and braking

In turn, employment in December 2018 rose to 6232.7 in absolute numbers
thousand, which means an increase over November (from 2,000) and the highest level
at least since the beginning of 2005, when the Central Statistical Office collects comparable data.

Compared to December 2017, there were 169,000 employees.
The annual increase in employment was in line with expectations.
analysts (2.8%) compared with 3% recorded in November. For the last time
we had such a weak momentum in May 2016.

Michał Żuławiński

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