PAY DATA
Management pay in Eastern Europe lags behind the West
Senior managers in Eastern Europe earn less than half of those in Western Europe, according to a study by Mercer Human Resource Consulting.
Average gross pay for senior managers in Eastern Europe is just £25,000 compared to £58,000 for those in the West. Managers working in Switzerland earn £98,000 on average while Austrian and Danish managers earn around £67,000. In contrast, the average salary for Romanian managers is £21,000 while in Bulgaria it is just £17,000. In the UK, senior managers can expect to earn around £58,000.
Mercer’ s survey also examines net pay and the cost of living for senior managers in Eastern and Western Europe. It found that, on average, managers in the West can buy 50% more with their net pay than those in the East.
The survey also reveals that salaries for senior managers in the US, Japan and Hong Kong are higher than the Western European average, at £73,000, £67,000 and £66,000 a year, respectively.
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Title: International Geographic Salary Differentials, Mercer Human Resource Consulting.
Availability: To read the press release online go to www.mercerhr.com/pressrelease/details.jhtml/dynamic/idContent/1154420 jsessionid=4H04PALKVR4M4AAJAADQOCAKMZSI4I2C
The report compares the pay of six position levels, from general labourers to senior managers. It compares each country to the other countries included in the report. The report also presents tax rates and includes a purchasing power ratio analysis that evaluates how many times an employee can purchase an identical basket of goods and services.
Mercer Human Resource Consulting helps employers "create measurable business results through their people". The company has more than 13,000 employees serving clients from some 150 cities in 40 countries worldwide. To find out more visit www.mercerhr.com
Posted 21 September 2004