Wage expensiveness of the Czech state-funded institutions



Year of publication 2019
Type Article in Proceedings
Conference The 13th International Days of Statistics and Economics
MU Faculty or unit

Faculty of Economics and Administration

Web https://msed.vse.cz/msed_2019/article/206-Vodakova-Jana-paper.pdf
Doi http://dx.doi.org/10.18267/pr.2019.los.186.0
Keywords state-funded institution; contributory organization; Czech state-funded institutions; wage expensiveness; wage productivity
Description The aim of the paper is to examine a recent development of wage expensiveness within asample of the Czech state-funded institutions. The paper firstly describes relevant wage expensiveness ratiosandtheir construction. Further it concentrates on an analysis of wage expensiveness developmentin the middle-term time period, i.e.from 2015 to2018and its comparison with wage productivity ratioand average wage. The paper loosely follows-up our previous research that mapped the situation in financial reporting of the Czech state-funded institutions and its relevance in relation to financial managementrequirements. At this paper we selectedothersuitable wage expensivenessratio, i.e. wage expensiveness computed from revenues,and evaluated itsdevelopment trends within a sample of selected state-funded institutionsrendering health-care services to public. As main data sources,the Ministry of finance of the Czech Republic databases, annual reports, relating regulations and scientific papers wereused. Acquireddata suggest average wages growth accompanied byparallel increase of wage expensiveness within the examined sample.This trend may be perceived debatably however,more precise conclusion would require an analysis of furtherfactors affecting environment of health-care services.

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