Lithuania reducing wages gap with UK, Ireland
The wages of skilled employees in Lithuania are three times less than those in the UK and four times less than the wages in Ireland.
Last year the difference was 4 times and 4.75 times, respectively.
“The comparison of wages in Lithuania and abroad shall also include living costs. In countries, which are chosen for emigration by our compatriots the most often, life is more expensive than in Lithuania. When considering that, the situation is way more different – the gap between wages in Lithuania and Ireland narrows to 2 times, in Lithuania and the UK – to 1.5 times,” Neda Songinaite, Hay Group CEO for the Baltic countries, said at a news conference on Wednesday and the BNS informed.
As shown by the survey, the wages of employees at Lithuanian companies controlled by local investors were 18 percent below those paid at international companies. Last year that gap was 20 percent, in 2006 – 26 percent.
More than 200 Lithuanian companies have taken part in Hay Group’s survey this year.