Average wages - 4th quarter of 2012

In Q4 2012 the average gross monthly nominal wage per employee FTE in the entire national economy increased by 3.7% compared to the corresponding period of the previous year. In real terms it rose by 0.9%. The median wage (the value in the middle of the wage distribution) was CZK 22 446.

In Q4 2012 the average gross monthly nominal wage ^*) (hereinafter only as “the average wage”) per FTE employee in the entire national economy was CZK 27 170, which was by CZK 964 (3.7%) higher than in the same period of 2011. In the aforementioned period of 2012 consumer prices grew by 2.8% and thus wages increased by 0.9% in real terms. The wage volume rose by 2.6%; the number of employees declined by 1.1%.

The average wage in the business sphere increased nominally by 4.2%, that means it rose by 1.4% in real terms; in the non-business sphere the average wage was up nominally by 1.3%, yet dropped by 1.5% in real terms.

Compared to the previous quarter the seasonally adjusted average wage in Q4 2012 grew by 1.3%. This increase is a significant deviation from the trend that has been observed so far.

The median wage (CZK 22 446) increased by 1.9% compared to the same period of the previous year. The male median wage was CZK 24 577 and the female one was CZK 20 035.

In 2012 the average wage reached the amount of CZK 25 101; that means the increase was CZK 665 (2.7%) compared year-on-year. In the aforementioned period of 2012 consumer prices grew by 3.3% and thus the real wages increased by 0.6%.
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^*) The average gross monthly nominal wage is a share of wage funds (including extra pay for overtime work, bonuses, compensation of wages, etc.) for one employee per month. Therefore this does not indicate what wage one concrete employee has. Results of structural statistics, in which data on earnings of respective employees are available, show that roughly two thirds of employees have the average wage below the national average.
The median wage represents a value of an employee wage in the middle of the wage distribution. That means one half of the wages is lower and the second half of the wages is higher than the median wage. Conversely to the average wage, which is calculated on the basis of background data from enterprise reports, the median must be derived from a statistical-mathematical model based on a sample survey, because enterprise questionnaires contain just aggregated data for the whole enterprise or organization.
It is necessary to keep in mind the employers pay, from the gross wages, appropriate amounts for premiums for health insurance and social security, income tax advances of natural persons, and other statutory deductions, or deductions agreed with the employee for their employees. The employees are paid net wages.

Analysis - Commentary: Development of average wages of employees in Q4 2012

Analysis - Structure of earnings survey 2012 (preliminary results)


Notes:
The data are preliminary; revised data will be available in June 2013.
Responsible head at the CZSO: D Holý, Director of the Labour Market and Equal Opport unities Statistics Department, phone +420 274 052 694, e-mail: dalibor.holy@csu.gov.cz
Contact person: J Erhartová, Head of the Labour Statistics Unit, phone +420 274 052 116, e-mail: jitka.erhartova@csu.gov.cz
Method of data acquisition: the CZSO direct survey and models
End of data processing: 27 February 2013
Related data set: e-3106-12 Registered Number of Employees and Their Wages (4 ^th Quarter of 2012),
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Next News Release will be published on: 5 June 2013