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25/08/2006
Reports:
Minimum wages in Poland amongst lowest in Europe.

 

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Minimum wages in Poland amongst lowest in Europe The statutory minimum wage in Poland was EUR 234 (PLN 899) and was one of the lowest in Europe, states the European Union report prepared with the January 2006 data.

Minimum wages

 Eurostat’s publication presents data on minimum wages in Member Countries. The lowest minimum wage is in Latvia - EUR 129 per month and the highest, EUR 1,503 was noted in Luxemburg. In Latvia, Poland, Lithuania, Slovakia, Estonia, Hungary and Czech Republic minimum wages were below EUR 300 in January 2006. Authors of the Eurostat report underlined huge differences in proportions of people receiving the minimum wage. In 2004 in Poland it was 4.5% of workers, in Lithuania 12.1%, in France 15.6% and in Luxemburg 18%. According to the Central Statistical Office in May 2006 the median, monthly wage in the industry sector in Poland was PLN 2549.70. Poland ideal for offshoring Poland placed fifth in an offshoring ranking environment ranking prepared by European Intelligence Unit.Poland placed fifth amongst countries to which large, international corporations seeking to decentralize their operations consider as attractive in terms of expenses, availability of skilled labor force and investment climate. EIU evaluated nine criteria amongst others: market regulations, tax system, legal regulations of work environment, qualifications of the workforce and infrastructure.

Business Process Offshoring (BPO) means selecting and transferring of certain operations such as IT services, call centers and back-office to other countries. BPO sector is growing dynamically, currently its value is estimated at USD 40-50 billion and grows at a yearly rate of 30%.

 
The global offshoring market value is estimated to reach about USD 100 billion in year 2008. EIU highly graded technical and language qualifications of Polish workers. Authors write that many international corporations in Poland managed to attract qualified, polish-language speaking managers with international experience. EIU advises companies thinking of locating their offshoring activities in Poland to consider also regions, where labor costs at the initial level can be even 30% lower than in Warsaw or Krakow, and where the availability of skilled workers is also very large.

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