Croatian Wage Growth Most Visible in Companies Paying Lowest Salaries

By 14 January 2023

January the 14th, 2023 - Croatian wage growth has been most visible in the companies which typically pay out the lowest salaries to their employees over the last year.

As Poslovni Dnevnik writes, as many as 60% of respondents of the Mojaplaca (MyWages) service have a lower salary than the average Croatian net salary, but last year, a higher growth of lower-ranked salaries compared to higher-ranked ones was also observed.

According to data from the MojPosao (MyJob) portal, the net salary including salary supplements throughout 2022 increased by 5% compared to the previous year, standing at 7,522 kuna (998 eutos), while the median salary of 7,000 kuna (929 euros) also saw higher growth, more specifically of 8%.

"Compared to the previous year, salaries grew the most within those companies which pay out the lowest salaries, that is, in the smallest; an average of 6%, while in large companies compared to 2021, Croatian wage growth stood at 4%", they stated in the analysis, which highlights significant differences in the salaries taken home by workers depending on a number of different factors.

There has been slight increase in the number of workers to whom their employer also provides certain benefits, most often reimbursements for travel expenses and public transportation costs, a mobile phone for personal use and a hot meal, which has the highest growth. Employers have been covering the costs of private pension insurance less often, however.

"Education and experience bring with them a higher salary, just like everywhere. Employees with a postgraduate degree or a business school (MBA) have an average 63% higher take home salary than the average,'' they stated, adding that studying is worth it because people with higher education diplomas have around a 17% higher salary than the average.

The highest average salaries were recorded in the City of Zagreb (11% above the national average), and the highest paid occupations are those in the field of technology and development (+78%), information technology (+38%) and telecommunications (+17%).

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