Domestic Society
0:03 8 September 2021
Post by: WBJ

Salaries in Poland still not very competitive compared to Western Europe

Salaries in Poland still not very competitive compared to Western Europe
Olga Obloza, source: Newseria

A senior accountant employed in an international corporation in Poland earns gross more than in Romania or Ukraine, but much less than in Great Britain, Germany or Denmark, and even in the Czech Republic. Also after taking into account the costs of living and the fiscal burden, wages in Poland are much less competitive than in Western Europe, according to Mercer analysis, which compared the amount of gross and net wages and income that can be used for savings. A large variation in the levels of salaries and current expenses is also visible in individual voivodeships of the country. Disproportions can reach up to 40 percent.

The considerations took into account the monthly salary of a senior accountant with at least five or seven years of experience in this position, employed by an international corporation and working in the capital of selected countries in Central and Eastern Europe and Western Europe.

"It turns out that Polish and Hungarian accountants receive a similar basic gross salary and it is slightly higher than that achieved in Romania, but mainly in Ukraine. In the latter country, the salary of an accountant will be even around 40 percent lower. The salary of a Polish accountant will still be significantly different from the one paid in Western Europe, and here the competitiveness of salaries does not appear in good colors. The salary of an accountant in Poland is even two and a half times lower than in England, three times lower than in Germany and three and a half times lower than in Denmark," Olga Obloza, Mercer's senior consultant, said.

In the analysis of the competitiveness of salaries, tax burdens are also important, i.e. comparison of what part of the gross salary will go to the employee's pocket. In our country, 71 percent of gross salary will be credited to the account of a senior accountant. This is a lot compared to, for example, Denmark, Germany, and Romania. In these countries, only 60 percent of the salary will go to the employee's pocket. In turn, in the Czech Republic, Great Britain, and Ukraine, the fiscal burden is lower and the employee receives approx. 80 percent of gross wages. In this way, a senior accountant at our southern neighbors can count on even PLN 1,700 more net income than in Poland.

(Newseria

poland
wages
europe
cee
mercer
accountants
olga obloza

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