Abstract
Purpose: The objective of this article is to compare the trend in wages of ICT Professionals in the Czech and Slovak economies during the past two decades. Methodology/Approach: The input data set for ICT Professionals was relatively large - over 2.2 million (of which ICT represented over 60 thousand) in the Czech Republic and 1.1 million (of which ICT represented over 24 thousand) in the Slovak Republic. For the purposes of presented analyses, we used basic statistical methods and characteristics. Findings: We can make the following general conclusions based on our analyses: all analyzed wage characteristics increased over time, with the exception of the economic crisis during 2009-2014 when they stagnate. Research Limitation/Implication: Our data include outliers, especially wages above EUR 4,000. However, these wages, which are relatively rare, significantly influence the total volume of wages. Originality/Value of paper: Analysis of our data offers information about development of average real wages in ICT oriented jobs. There can be found analysis of wages in all sectors in literature. Analysis of ICT Professionals wages is rarely published in journals.
Highlights
The present, even according to politicians, economists and managers of multinational companies, can be characterized as a turbulent time during which digitalization has significantly strengthened
The objective of this article is to compare the trend in wages of information and communication technologies (ICT) Professionals in the Czech and Slovak economies during the past 19 years
We only focus on the professions that have an immediate impact on the number of ICT Professionals in the Czech economy and in the Slovak economy
Summary
The present, even according to politicians, economists and managers of multinational companies, can be characterized as a turbulent time during which digitalization has significantly strengthened. Different levels of management or sectors of the economy have different ideas about what digitalization is. The main objective of this trend is the digitization, robotization and automation of production (Mařík, 2016), i.e. including the deployment of information and communication technologies (ICT) in the life cycle of products, from their design, through their development, implementation and use all the way to their final disposal. This closed life cycle of products or services leads to a very topical concept of a so-called “Circular Economy”. Its relations to Industry 4.0 are described in more detail e.g. in (Tseng, et al, 2018)
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