Average Salary in Slovakia 2024

Unlocking the Insights: Exploring Slovakia's Salary Landscape – A Comprehensive Analysis on Pay Scales, Wage Gaps, Yearly Increments, Education Level Breakdown, and Experience. Discover an illuminating study shedding light on Slovakia's salary dynamics, covering critical aspects such as pay scales, wage gaps, yearly increments, and how they are influenced by education levels and years of experience. This insightful article delves deep into Slovakia's employment ecosystem, providing invaluable information for individuals and policymakers alike. Stay ahead by unraveling the intricacies of salary trends in Slovakia, and gain a competitive advantage in the ever-evolving job market.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Slovakia in 2024?

What is the average salary in Slovakia in 2024?
1,500EUR
(EUR 17,500 yearly)
Low 660 EUR
Average 1,500 EUR
High 6,500 EUR
The average salary in Slovakia is typically EUR 1,500 per month. However, salaries can vary greatly, ranging from EUR 660 (lowest average) to EUR 6,500 (highest average, actual maximum salary is higher). These figures include housing, transport, and other benefits. Different careers offer significantly diverse salary opportunities. If you wish to explore salaries for specific job titles, they are listed below.
In comparison with average salary in Slovakia in 2023, salaries changed by +0.9% so far. Looking ahead, economists project a gradual recovery in the job market. A detailed comparison of 2023 and 2024 will be available at the end of the year.

Pay Scale and Salaries in Slovakia

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than EUR 6,500, 75% of the people earn EUR 2,100 or less. 50% employees earn less EUR 1,500 or less, 25% of the employees earn less than EUR 1,100.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than EUR 6,500, 75% of the people earn EUR 2,100 or less. 50% employees earn less EUR 1,500 or less, 25% of the employees earn less than EUR 1,100.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Slovakia the minimum salary is EUR 660.

Median Salary

In Slovakia, the median salary of EUR 1,200 represents the middle point of all salaries in a dataset. This metric offers a more equitable perspective on income distribution and is frequently employed to assess average earnings across different professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Slovakia the salary ranges from EUR 660 to EUR 6,500.

Annual Salary Increments in Slovakia

What is the average annual salary increment in the Slovakia? How frequently do employees receive salary raises?

During 2024, employees in Slovakia witnessed an average salary growth of 0.9%. This represents an overall average across various job sectors. The worldwide average for 2024 is 0.9%.Download chartGet chart linkShare on FacebookShare on Twitter
During 2024, Slovakia recorded an average salary increment of around 0.9% for its employees, spanning various job sectors. On a global scale, the average salary increase for 2024 is 0.9%.

Historical Graph of Annual Salary Increments in Slovakia

In recent years, the salary of employees in Slovakia has witnessed an average yearly increase of 4.3%. This corresponds to a range of 0.9% to 7.0% increment per year.Download chartGet chart linkShare on FacebookShare on Twitter
Employees based in Slovakia have experienced a salary increase averaging 4.3% per year in recent years. This translates to a range of 0.9% to 7.0% increment per year.

Salary Forecast and Trends for the Future in Slovakia

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 4.3%. Estimated range is between 2.4% and 6.6%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 4.3%. Estimated range is between 2.4% and 6.6%.

Gender Wage Gap in Slovakia

What is the difference in pay between mens and womens? Men vs. women salary comparison.

13.8% is the current wage gap in Slovakia.Download chartGet chart linkShare on FacebookShare on Twitter
In Slovakia, the gender wage gap is 13.8%.
It's due to many factors, such as:
  • Discrimination based on gender.
  • On average, women take 10% longer vacations than men each year.
  • Women are less likely than men to have a college degree.
  • Caregiving responsibilities for children and elderly relatives are more often taken on by women than men.
  • Women are more likely than men to work part-time, and part-time workers typically earn less than full-time workers.
  • Women are more likely to work in lower-paying occupations than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider variety of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

Completing high school and obtaining a bachelor's degree come with numerous benefits. Firstly, it significantly improves career prospects, leading to higher earning potential and increased access to a wider variety of job opportunities. Beyond financial rewards, pursuing a bachelor's degree promotes personal growth, enhances critical thinking skills, and provides the opportunity to specialize in a particular field of interest. It also facilitates valuable networking opportunities and fosters the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative path that opens doors to a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. underscores an unwavering commitment to intellectual exploration and a promising and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 14%-18% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of nearly 9%-13%. Expertise and leadership acquire higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 22%-26% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 14%-18% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of close to 9%-13%. Expertise and leadership receive higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 22%-26% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Slovakia

What is the average hourly wage in the Slovakia?

Average Hourly Wage
9EUR
Low 4 EUR
Average 9 EUR
High 38 EUR

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Dealing with irregular or fluctuating income from hourly wages can make it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks commonly linked to full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can disrupt work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity in hourly positions can increase as they are more susceptible to layoffs, downsizing, or changes in demand.
  • Limited career advancement: Within the organization, a few hourly jobs may present limited opportunities for career growth, professional development, or upward mobility.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Slovakia

What are the best paying jobs in Slovakia?

List with best paid jobs in SlovakiaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Slovakia?

  1. Surgeon (EUR 6,400)
  2. Doctor (EUR 5,800)
  3. Chief Executive Officer (CEO) (EUR 5,500)
  4. Registered Nurse Anesthetist (EUR 5,400)
  5. Dentist (EUR 5,200)
  6. Airline Pilot (EUR 5,000)
  7. Intellectual Property Lawyer (EUR 4,800)
  8. Marketing Manager (EUR 4,300)
  9. Marketing Director (EUR 4,300)
  10. Sales Director (EUR 4,000)
  11. Sales Manager (EUR 4,000)
  12. Petroleum Engineer (EUR 4,000)
  13. Brand Manager (EUR 3,900)
  14. Marketer (EUR 3,900)
  15. Judge (EUR 3,800)
  16. Treasurer (EUR 3,800)
  17. Controller (EUR 3,800)
  18. Pharmacist (EUR 3,700)
  19. Tax Lawyer (EUR 3,600)
  20. Lawyer (EUR 3,600)
List with worst paid jobs in SlovakiaDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Slovakia?

  1. Cashier (EUR 690)
  2. Childcare Worker (EUR 720)
  3. Stock clerk (EUR 740)
  4. Elder Care Worker (EUR 740)
  5. Receptionist (EUR 770)
  6. Bartender (EUR 830)
  7. Food and beverage server (EUR 840)
  8. Janitor (EUR 840)
  9. Waiter (EUR 860)
  10. Tour Guide (EUR 860)
  11. Customer Service Representative (EUR 1,100)
  12. Hotel Concierge (EUR 1,100)
  13. Rehabilitation Counselor (EUR 1,100)
  14. Travel Agent (EUR 1,200)
  15. Secretary (EUR 1,200)
  16. Painter (EUR 1,300)
  17. Carpenter (EUR 1,300)
  18. Bus Driver (EUR 1,300)
  19. Artist (EUR 1,400)
  20. Truck Driver (EUR 1,400)
List with best paid industries in SlovakiaDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (EUR 4,100)
  2. Business and Management (EUR 3,500)
  3. Marketing and Sales (EUR 3,200)
  4. Engineering (EUR 3,000)
  5. Law (EUR 2,800)
  6. Accounting and Finance (EUR 2,800)
  7. Computer and Information Technology (EUR 2,700)
  8. Transportation and Logistics (EUR 2,700)
  9. Science (EUR 2,700)
  10. Education and Training (EUR 2,200)
  11. Other (EUR 1,700)
  12. Hospitality and Tourism (EUR 1,400)
  13. Social Services (EUR 1,100)
  14. Services (EUR 1,100)