Salary gap set to grow
The average executive salary in companies that have recently debuted on the stock market stands at zł.33,341 a month- nearly 15 times the average Polish salary.
The research was compiled by the personnel consulting firm Sedlak & Sedlak, whose compensation analyst, Maciej Dubis, estimates that the country's top earners tend to receive at least 20 times the national average. "Executive salaries in Polish firms in general are definitely much higher," says Dubis.
All this means that the gap between managers and other employees is increasing. The average remuneration of management board members rose by 3.4 percent, while the salaries of employees dropped by 4.7 percent, according to figures from Rzeczpospolita.
"This can be a problem for management-employee relations," says Dubis, "the Polish population may not yet be ready for this."
But how much of a problem it presents is unclear. Most workers place a greater importance on management-employee communications and a well-defined career path than on salary when it comes to job satisfaction. That executives make much more than average workers is nothing new. In the U.S., executives of large companies can make 300 times the national average.
A particularly startling conclusion reached by the study was that executive compensation was not related to the size of the company-a departure from trends in the West. Swissmed, the smallest of the companies examined in terms of revenue, pays its president the third most among the group. That's nearly twice as much as the president of Pekaes, one of the largest in the study in terms of income. n
The research was compiled by the personnel consulting firm Sedlak & Sedlak, whose compensation analyst, Maciej Dubis, estimates that the country's top earners tend to receive at least 20 times the national average. "Executive salaries in Polish firms in general are definitely much higher," says Dubis.
All this means that the gap between managers and other employees is increasing. The average remuneration of management board members rose by 3.4 percent, while the salaries of employees dropped by 4.7 percent, according to figures from Rzeczpospolita.
"This can be a problem for management-employee relations," says Dubis, "the Polish population may not yet be ready for this."
But how much of a problem it presents is unclear. Most workers place a greater importance on management-employee communications and a well-defined career path than on salary when it comes to job satisfaction. That executives make much more than average workers is nothing new. In the U.S., executives of large companies can make 300 times the national average.
A particularly startling conclusion reached by the study was that executive compensation was not related to the size of the company-a departure from trends in the West. Swissmed, the smallest of the companies examined in terms of revenue, pays its president the third most among the group. That's nearly twice as much as the president of Pekaes, one of the largest in the study in terms of income. n
