The average management board member currently earns zł.65,000 per month, Parkiet’s analysis of the H1 reports of the Warsaw Stock Exchange’s largest companies suggests.

They are about the same as in the same period a year earlier, after board members took pay cuts forced on them by the economic slowdown. Meanwhile, although employment in the enterprise sector increased by 1.1 percent and unemployment fell to 11.6 percent in H1, wage growth remains slower than a year ago, at only 3.3 percent on average, compared to 4.9 percent in H1 last year.

But since the profits of the companies analyzed by the newspaper have increased by an average of 40 percent, pay rises for upper management could be on their way.

Poland AM