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Arbitrator Average Salary in Czech Republic 2020

How much money does an Arbitrator make in Czech Republic?


Average Monthly Salary
73,400 CZK
( 880,000 CZK yearly)

LOW
35,900
CZK
AVERAGE
73,400
CZK
HIGH
114,000
CZK

A person working as an Arbitrator in Czech Republic typically earns around 73,400 CZK per month. Salaries range from 35,900 CZK (lowest) to 114,000 CZK (highest).

This is the average monthly salary including housing, transport, and other benefits. Arbitrator salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Arbitrator Salary Distribution in Czech Republic

Median and salary distribution monthly Czech Republic Arbitrator
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The median, the maximum, the minimum, and the range

  • Salary Range

    Arbitrator salaries in Czech Republic range from 35,900 CZK per month (minimum salary) to 114,000 CZK per month (maximum salary).

  • Median Salary

    The median salary is 74,800 CZK per month, which means that half (50%) of people working as Arbitrator(s) are earning less than 74,800 CZK while the other half are earning more than 74,800 CZK. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Arbitrator(s) are earning less than 49,800 CZK while 75% of them are earning more than 49,800 CZK. Also from the diagram, 75% of Arbitrator(s) are earning less than 96,500 CZK while 25% are earning more than 96,500 CZK.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Arbitrator Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Czech Republic Arbitrator
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Arbitrator salaries by experience level and this is what we found.

An Arbitrator with less than two years of experience makes approximately 42,600 CZK per month.

While someone with an experience level between two and five years is expected to earn 54,800 CZK per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 75,600 CZK per month, 38% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Arbitrator(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 93,600 CZK per month, 24% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 100,000 CZK per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 107,000 CZK per month, 7% more than people with fifteen to twenty years of experience.


Arbitrator average salary change by experience in Czech Republic

0 - 2 Years
42,600 CZK
2 - 5 Years+29%
54,800 CZK
5 - 10 Years+38%
75,600 CZK
10 - 15 Years+24%
93,600 CZK
15 - 20 Years+7%
100,000 CZK
20+ Years+7%
107,000 CZK
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Arbitrator Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Arbitrator(s) who have the same experience but different education levels.

Salary comparison by education level monthly Czech Republic Arbitrator
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Arbitrator salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of an Arbitrator is 53,200 CZK per month.

While someone with a Master's Degree gets a salary of 85,400 CZK per month, 60% more than someone having a Bachelor's Degree degree.


Arbitrator average salary difference by education level in Czech Republic

Bachelor's Degree
53,200 CZK
Master's Degree+60%
85,400 CZK
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Czech Republic costs anywhere from 305,000 Czech Koruna(s) to 914,000 Czech Koruna(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Arbitrator Salary Comparison By Gender

Salary comparison by gender monthly Czech Republic Arbitrator
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Arbitrator employees in Czech Republic earn 6% more than their female counterparts on average.

Male
75,200 CZK
Female-5%
71,100 CZK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Czech Republic for all Careers

Salary comparison by gender monthly Czech Republic
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Arbitrator Average Annual Salary Increment Percentage in Czech Republic

How much are annual salary increments in Czech Republic for Arbitrator(s)? How often do employees get salary raises?

Arbitrator

Arbitrator(s) in Czech Republic are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Czech Republic Arbitrator
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Czech Republic / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Czech Republic is 5%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Czech Republic for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Arbitrator Bonus and Incentive Rates in Czech Republic

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Czech Republic Arbitrator
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An Arbitrator is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
56%
No Bonus
44%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Arbitrator Average Hourly Wage in Czech Republic


420 CZK per hour

The average hourly wage (pay per hour) in Czech Republic is 420 CZK. This means that the average Arbitrator in Czech Republic earns approximately 420 CZK for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Arbitrator VS Other Jobs

Salary Comparison Between Arbitrator and Legal monthly Czech Republic
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The average salary for Arbitrator is 0% less than that of Legal. Also, Legal salaries are 21% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Administrative Law Judge165,000 CZK+120%
Arbitrator73,400 CZK+0%
Associate Attorney74,900 CZK+2%
Attorney116,000 CZK+58%
Bailiff37,000 CZK-50%
Barrister31,900 CZK-57%
Candidate Attorney68,700 CZK-6%
Conciliator60,300 CZK-18%
Contracts Manager64,700 CZK-12%
Contracts Negotiator53,400 CZK-27%
Conveyancing Secretary32,000 CZK-56%
Corporate Counsel85,700 CZK+17%
Counsel82,900 CZK+13%
Court Clerk27,800 CZK-62%
Court Judicial Assistant44,400 CZK-39%
Court Liaison Specialist54,400 CZK-26%
Court Reporter45,900 CZK-37%
Court Representative36,000 CZK-51%
Crown Prosecution Service Lawyer168,000 CZK+130%
Immigration Executive83,800 CZK+14%
In House Counsel87,000 CZK+19%
Intellectual Property Specialist59,500 CZK-19%
Judge Advocate124,000 CZK+69%
Law Clerk26,800 CZK-63%
Lawyer123,000 CZK+68%
Legal Administrative Assistant30,300 CZK-59%
Legal Advisor74,400 CZK+1%
Legal Assistant33,000 CZK-55%
Legal Associate56,800 CZK-23%
Legal Consultant71,300 CZK-3%
Legal Counsel83,400 CZK+14%
Legal Editor56,600 CZK-23%
Legal Executive109,000 CZK+49%
Legal Executive Secretary33,500 CZK-54%
Legal IP Officer29,300 CZK-60%
Legal Officer34,500 CZK-53%
Legal Services Director136,000 CZK+85%
Legal Services Manager132,000 CZK+80%
Legal Support Worker22,700 CZK-69%
Legislative Liaison55,700 CZK-24%
Litigation Attorney145,000 CZK+98%
Litigation Paralegal75,400 CZK+3%
Magistrate Judge176,000 CZK+140%
Paralegal45,200 CZK-38%
Patent Attorney84,300 CZK+15%
Staff Attorney93,300 CZK+27%

Salary Comparison By City

CityAverage Salary
Prague81,300 CZK

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Czech Republic earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
59,100 CZK
Public Sector+7%
63,300 CZK
Percentage increase and decrease are relative to the previous value

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