Average Salary in Slovakia 2022
How much money does a Slovak worker earn each year?
The average monthly wage in Slovakia is around 2,180 EUR. The range of salaries is from 550 EUR to 9,740 EUR.
With housing, transportation, and other perks all taken into account, this is the typical monthly wage. Depending on the profession, one may expect a wide range of salaries. See below for individual job title wages if you’re interested in the compensation of a certain position. The average Slovak worker earns:
- 2,180 EUR/month (net)
- 3,060 EUR/month (gross)
These values were calculated by taking the median of all salaries reported for each position.
Slovak Salary Distribution
The average monthly salary in Slovakia is 9,740 EUR, while the lowest monthly salary is 550 EUR. The average hourly salary is 11.73 EUR, while the lowest hourly salary is 0.68 EUR.
The compensation range also depends on the industry. For example, those working in IT and telecommunications earn, on average, 17% more than the national average salary. On the other hand, employees in retail and hospitality earn 5% less than the average Slovak salary.
Half of the population earns less than 2,310 EUR a month, while the other half earns more. The median income is thus 2,310 EUR.
There is significant variation in salaries across Slovakia. The highest salaries are found in the capital city of Bratislava, where the average monthly salary is 3,370 EUR.
This is almost 50% higher than the average salary in eastern Slovakia, which is 2,250 EUR per month. The lowest salaries in Slovakia are found in the Prešov region, where the average monthly salary is 1,750 EUR. This is 25% lower than the national average.
75% of the population earns more than 1,290 EUR. 50% of the population earns more than 946 EUR.
In Slovakia, the average salary in 2022 is expected to be 1,290 EUR per month. This means that 75% of the population will earn more than this amount and 25% will earn less. The lowest 10% of earners will make less than 276 EUR per month.
Is there a difference between a person’s average and median income?
Both the average and the median compensation are indicators. The average is the sum of all salaries divided by the number of employees. The median is the salary “in the middle” when all salaries are sorted from highest to lowest. The median is less affected by extreme values than the average.
In Slovakia, the average monthly gross earnings in 2019 amounted to EUR 979 while the median was lower at EUR 814. In other words, half of all employees earned less than EUR 814 per month and a half earned more.
The difference between the average and median indicates that a relatively small group of highly paid employees has a significant impact on the average earnings.
Comparative Earnings Based on Years of Professional Experience in Slovakia
How does a person’s income increase over time?
Workers in Slovakia may expect their incomes to grow along with their years of professional experience. While a person with 0-2 years of experience earned an average of € 708 per month in 2022, those with 3-5 years earned €817 and those with 6-9 years earned €972.
Experienced workers (10-19 years) and very experienced workers (20 or more years) averaged €1,086 and €1,269, respectively.
Slovakia’s average monthly earnings grew by 4.4% in 2022 when compared to the previous year. This is slightly higher than the 4.1% growth seen in 2019 but lower than the 5.0% growth seen in 2018.
When broken down by experience level, entry-level workers saw the biggest increase in earnings, with a 5.2% year-over-year growth. Workers with 10-19 years of experience saw the second-largest increase, at 4.7%. The smallest increase was seen among workers with 20 or more years of experience, at 3.9%.
Assuming similar economic conditions, Slovakia’s average monthly earnings are expected to grow by 4.3% in 2022. This would put the average worker’s earnings at €1,086 per month, up from €1,040 in 2022.
Slovakia Education-Based Salary Comparison
Does education affect salary?
In Slovakia, the average salary is heavily influenced by education level. Generally speaking, those with higher levels of education earn more money. Those with lower levels of education tend to earn less money.
There are a few exceptions to this rule. For instance, people with a high school education or less can still earn a good salary if they have a lot of experience in their field. Additionally, some college degrees may not lead to higher salaries, depending on the field of study.
Nevertheless, education is typically one of the most important factors in determining salary. In Slovakia, those with higher levels of education tend to earn more money than those with lower levels of education.
Does getting Master’s or MBA help increase salary?
In Slovakia, having a Master’s degree or MBA can help increase your salary. This is especially true if you work in a field that requires high levels of education, such as medicine or law.
However, even in fields that do not require a high level of education, having a Master’s or MBA can still lead to a higher salary.
Overall, getting a higher level of education will likely lead to a higher salary in Slovakia. This is especially true if you work in a field that values education highly.
Gender Pay Gap in Slovakia
Men in Slovakia earn 7% more than women across all industries. This number is relatively low compared to the global average of 32%.
Industry-wise, the largest gender pay gap in Slovakia is found in the field of information and communication, where men earn 26% more than women. This is followed by construction (22%), education (21%), and financial and insurance activities (19%).
On the other hand, women in Slovakia actually earn more than men in a few industries, including human health and social work (7% more), arts, entertainment, and recreation (5%), and real estate activities (1%).
Slovakia’s Average Annual Compensation Increase Percentage
How big are yearly salary increases in Slovakia? How often do workers get increases in their pay?
It is anticipated that workers in Slovakia will see a rise in their salaries of around 7% every 19 months. Different industries are subject to different frequencies of wage increases. For instance, those in the engineering and construction sector can expect to see their wages grow every 16 months, while those working in the retail and service industry will likely experience an increase every 21 months.
While raises are not guaranteed, they are becoming more common in Slovakia as the economy continues to grow and businesses are increasingly competitive for top talent.
In order to stay ahead of the curve, it is important to keep abreast of salary trends so that you can be sure you are being paid fairly.
Slovakia Sector Growth Rate 2022
- Healthcare – 5%
- Tourism – 3%
- Information Technology – 2%
- Business Management – 1%
- Banking – 8%
- Trade and Manufacturing – 3%
- Telecommunications – 6%
- Data Management – 4%
The average salary in Slovakia varies depending on the sector. Booming sectors often offer higher salaries than those in decline.
The healthcare, tourism, and information technology sectors are all growing rapidly, so workers in these industries can expect to see their salaries increase by 5%, 3%, and 2% respectively.
However, salaries in the business management, banking, trade and manufacturing, and telecommunications sectors are only expected to grow by 1%, 8%, 3%, and 6% respectively. Data managers can expect to see a 4% salary increase.
Average Salary Increase Rates by Level of Experience
Junior-level workers in Slovakia earn an average salary of €21,400 per year. This is 5% more than the average for entry-level workers in the country (€20,300).
Mid-level employees in Slovakia take home an average salary of €31,700 per year. This is 16% more than the average for junior employees in the country (€27,400).
Senior-level workers in Slovakia earn an average salary of €41,000 per year. This is 29% more than the average for mid-level employees in the country (€31,700).
The largest salary increase between experience levels occurs between junior and mid-level positions. Workers with 1 to 4 years of experience see their salaries rise by an average of €4,300 per year (a 21% increase). The salary increase between mid-level and senior positions is €9,300 (29% increase).
The Slovak Republic’s Bonus & Incentive Payout System
How much money is being given out in bonuses, and how often is it being paid out?
In Slovakia, the personnel that was questioned revealed that 47% of them had not received any bonuses or incentives in the preceding year, while 53% of them reported receiving at least one sort of monetary bonus.
Bonuses may range anywhere from 2-7% of an employee’s yearly compensation, according to those who have received them. The most common type of bonus is an end-of-year bonus, which is given to 19% of workers.
Other popular types include project bonuses (given to 15% of employees) and sales commissions (given to 14%).
When it comes to frequency, 36% of Slovakian workers report receiving bonuses once a year, while 27% receive them twice a year. Less than 20% receive bonuses four times a year or more, and 17% never receive bonuses.
So what does this all mean for the average worker in Slovakia? Well, if you’re one of the 53% who received a bonus in the last 12 months, you can expect to make around €2,730 per year from bonuses alone.
Various Forms of Bonuses
Individual Bonuses Determined by Work Performance
In Slovakia, bonuses are a common way of rewarding employee performance. The law does not regulate how bonuses are to be paid out, and so companies typically have discretion over this. However, employers must ensure that any bonus system is fair and non-discriminatory.
There are two main types of bonuses that employers may give to employees in Slovakia: those that are determined by work performance and those that are not. Performance-related bonuses are paid out according to an employee’s individual contribution to the company.
They may be based on factors such as sales targets met productivity levels achieved, or customer satisfaction ratings. Non-performance-based bonuses, on the other hand, are typically given to all employees equally, regardless of their individual contributions.
These may include bonuses for the length of service or end-of-year bonuses that are paid out to everyone regardless of their performance during the year.
Bonuses Based on Company Performance
Some bonuses in Slovakia are also linked to the company’s overall performance. These are typically given to all employees, regardless of their individual contribution, and may include an end-of-year bonus that is paid out if the company has met its targets for the year.
In some cases, these types of bonuses may be paid out in shares or other forms of equity, rather than in cash. This is more common in larger companies.
Bonuses based on goals achieved are given to an employee after he or she has completed a task or project and achieved the desired results. The bonus amount is often predetermined and maybe a percentage of the project value.
For example, if an employee completes a project that was worth 1,000 EUR and their bonus is 10%, they will receive a 100 EUR bonus.
Bonuses for the Holidays and at the End of the Year
In Slovakia, it is common for companies to give bonuses around the holidays or at the end of the year. These are typically non-performance-based and are given to all employees equally.
The Christmas bonus (prémium vianočné) is a month’s salary that is paid out in December and is meant to help cover the costs of the holiday season. Employers are not legally required to give this bonus, but it is commonplace.
The end-of-year bonus (prémium na konci roka) is another common bonus that is paid out in December or January. This bonus is also typically a month’s salary and helps employees with the costs associated with the turn of the year.
Comparison of Different Bonuses in Slovakia Based on Professions
What aspects of a job make it deserving of a high wage, in addition to enticing bonuses?
Workers in Slovakia have access to a number of bonuses, including those based on their position or field. Different professions offer different bonuses, and the average salary in each profession can vary significantly as a result.
Many Slovakian companies offer bonuses to employees based on their specific profession. For example, engineers may receive a bonus for developing new products, while salespeople may receive a bonus for meeting quotas. These bonuses can be significant, and they can vary widely from one profession to another.
In addition to profession-specific bonuses, many Slovakian companies also offer position-based bonuses. These bonuses are often given to employees who occupy high-level positions within the company, such as managers and executives. Position-based bonuses can also be given to employees who have demonstrated exceptional performance in their roles.
Finally, some Slovakian companies offer bonuses that are not tied to specific professions or positions. These bonuses may be given to any employee who meets certain criteria, such as reaching a sales target or completing a project on time.
These bonuses can be significant, and they can provide a boost to the average salary in Slovakia.
Bonus Comparison Based on Seniority
In Slovakia, bonuses are often given out based on an employee’s seniority. The average bonus for a worker with less than 5 years of experience is €355. For a worker with 5 to 10 years of experience, the average bonus is €414.
And for a worker with more than 10 years of experience, the average bonus is €452.
This data shows that bonuses in Slovakia are closely linked to an employee’s level of experience. Seniority is clearly a key factor in determining how much of a bonus an individual will receive. This is something to keep in mind when negotiating your salary and benefits package.
If you have significant experience, be sure to emphasize this during salary negotiations. It could result in a higher overall compensation package.
Salary Ranges for Popular Positions
- Bank Branch Manager – 3,570 EUR
- Teller – 750 EUR
- Systems Administrator – 2,015 EUR
- Computer Programmer – 1,890 EUR
- Sales Manager – 2,328 EUR
- Account Executive – 1,560 EUR
- Marketing Adjunct – 1,512 EUR
- Sales Manager – 2,328 EUR
- Registered Nurse – 1,377 EUR
- Physical Therapist – 1,643 EUR
- Medical Assistant – 954 EUR
- Surgeon – 4,167 EUR
- Physician – 3,335 EUR
- Recruiter – 1,764 EUR
- Compensation & Benefits Manager – 3,070 EUR
- Training & Development Manager – 2,442 EUR
- Product Manager – 3,049 EUR
- Associate Product Manager – 1,817 EUR
- Product Marketing Manager – 2,84 EUR
Comparison of Wages from Different Cities in Slovakia
Bratislava workers earn 2,240 EUR per month on average. But take note that this also varies depending on the industry. For instance, those in the IT sector earn more than people working in restaurants or other service-oriented businesses.
In terms of purchasing power, this is equal to 1,965 USD per month.
In second place is Kosice with an average salary of 1,980 EUR. The city has a thriving automotive industry which helps support its economy.
However, recent years have seen a decline in manufacturing jobs as companies move production elsewhere. Despite this, workers in Kosice still earn more than the national average.
Rounding out the top three is Zilina, where the average salary is 1,915 EUR per month. The city is home to many electronics and electrical engineering firms.
Slovakia’s Typical Hourly Wage
In Slovakia, the average hourly salary (compensation for each hour worked) is 13 EUR. This indicates that the typical wage in Slovakia is around 13 EUR for every hour of labor put in by an individual.
The minimum wage in Slovakia is 3.60 EUR per hour, which means that the average wage is more than three times the minimum wage.
Comparative Analysis of Wages in the Public and Private Sectors
In Slovakia, workers employed by the public sector earn, on average and across all industries, 10% more than their colleagues employed by private companies. This difference is more pronounced in some industries than others.
For example, in the healthcare sector, public sector workers earn, on average, 19% more than those employed by private companies. In the education sector, the difference is 14%.
However, there are also industries in which the average salary in the private sector is higher than in the public sector. This is the case in the manufacturing and construction industries, where private-sector workers earn, on average, 5% and 4% more than their counterparts in the public sector.