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March 18, 2004
Slovakia: Where the Action Is
From the "grass is always greener" department:

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The Federation of European Employers (FedEE) has just published "Pay in Europe 2004," a report on the median pay for 30 jobs in 46 countries.

According to the report, the biggest salary increases during the last year were in Slovakia (+11.3%), Estonia (+9.8%) and Latvia (+9.6%) while hourly rates went down in Portugal (-1.8%) and were virtually unchanged in Switzerland (-0.3%).

Overall median hourly earnings range from 27.89 euros in Denmark to 16.12 euros in the UK and down to just 0.32 euros in Moldova. As of last week, the euro was worth about $1.22.

A typical middle manager working a 35-hour week in a company employing 500 people would earn a basic annual salary of 3,565 euros ($4,361) in Russia, compared to 43,316 euros ($52,997) in France and 55,929 euros ($68,429) in Germany.

The Federation (FedEE) was founded in 1989 with financial assistance from the European Commission but operates today on an independent basis with corporate members located principally in Europe and North America.

To view the 2004 European pay league table, please visit http://www.fedee.com/payineurope2004.shtml.

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