PayWell – the remuneration planning tool is an interactive study offering an up-to date overview of the situation in the remuneration market, including information and trends in HR policy and strategy. The final outputs from this survey provide an overview of the findings in the form of a quantitative analysis of salaries (wage statistics), as well as a qualitative analysis of personnel practice relating to remuneration (including employee benefits), information on labour law in Slovakia and other bonus information.
Wage statistics
This part includes comprehensive wage statistics for all analysed positions we received relevant information on (in 2008, it was 481 job positions). The job positions are classified by the activity to which they relate. For each job position, analysis is provided on the average basic and total salary and key quantiles (10th, 25th, median, 75th and 90th). Information is provided for the sector and for the whole market. Salaries are further analysed by region, company size, turnover and origin of company‘s capital. Statistical information is supplemented by a description of the reviewed sample.
PayWell offers an opportunity for comparison of an individual company with a selected sample of companies, position benchmarking, for those participants who provided salary information for their company. This interactive tool enables a company to plan remuneration through simulating wage changes and then monitoring their effect on the market benchmarking.
The final report includes a catalogue describing sample standard and sector specialised job positions (596 in total), prepared for the PayWell project.
Employee benefits
The report includes an analysis of the overall remuneration strategy, the variable part of the salary, annual leave, working hours, overtime, employee benefits, training and company cars.
Labour law compendium
The information provided in the report also outlines current labour law and social security legislation.
A bonus
In addition, the final report includes some bonus material relating to remuneration that can be used as inspiration in HR activities.
