The end of the year is always a good time for most employees. They can count on bonuses and Christmas bonuses. This was also the case in 2022. Because of the exceptional inflation provisions, etc.
All this is reflected in wage statistics. On Friday at 10 am – the latest Central Bureau of Statistics data on the average salary in medium and large companies saw the light of day. It turns out that the average salary for the first time in history broke the barrier of 7000. PLN and It was exactly 7000. Total 329.96 PLN.
See also: Record end of the year
The average wage clearly jumped from the record for November, which was 6,000 PLN. Total 857.96 PLN. This is due to the example of Christmas bonuses This is completely normal and happens every year. A year ago, the average wage was 6,000. Total PLN 644.
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How does the latest data compare to forecasts? There is a career. The economists’ average picks point to larger wage increases of about 12.5 percent. The dynamics slowed down from 13.9 percent. I mentioned a month ago.
The 12 percent salary increases are welcome, but it should be noted that they do not cover the rate increase. At the same time Poland’s inflation rate was 16.6%.. This means a real depreciation of wages, because with this money we can buy less than a year ago. Furthermore The slowdown in earnings growth is stronger than in inflation.
However, economists see a positive in this. The decline in real wages leads to savings and should lead to lower core inflation in 2023.
average hand wage
It should be noted that the profits reported by GUS officials are expressed in gross amounts. After taking into account contributions and taxes, The average Polish worker who works on the basis of an employment contract receives on average about 5,000. PLN 326.78.00 zlotys.
1000 PLN – more or less, this is what ZUS (pension, disability and sickness) contributions consume. Another PLN 570 of the total amount is transferred to the National Health Fund and PLN 430 to the income tax advance.
You also have to remember that Central Bureau of Statistics data includes only large and medium enterprises. Companies with fewer than ten employees are excluded. In addition, it does not count employees under mandated contracts or specific assignments. After taking it into account, the amount of the average salary will be less.
Payroll statistics released on Friday worried 6 million 504.7 thousand people working in the enterprise sector. Compared to the previous month, nearly 3,000 people died. employees. Further, however Employment is higher year on year – it increased by 2.2 per cent. This is a slightly worse result than economists’ forecast, which had assumed 2.3%. (This reading was for November.)
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