Cyprus: Average monthly earnings for fully employed at € 1,837 in 2018

Cyprus: Average monthly earnings for fully employed at € 1,837 in 2018

According to the results of the 2018 Earnings Survey, average monthly total earnings for full-time employees amounted to € 1,837 (€ 1,977 for men and € 1,676 for women). Compared to the monthly earnings recorded in 2014, there was an increase of 5.1% (5.2% for men and 5.0% for women). The level of monthly earnings of employees in 2018 (€ 1,837) remains lower than the 2010 levels (€ 1,890).

Average annual total earnings for full-time employees amounted to € 23,791 (€ 25,618 for men and € 21,706 for women). Compared to the 2014 annual earnings, there was an increase of 5.2% (5.1% for men and 5.3% for women). The level of annual salaries of employees in 2018 (€ 23,791) remains lower than the 2010 levels (€ 24,530).

According to the survey data, the professional category with the highest monthly and annual earnings for full-time employees was category “1 – Senior managers and administrators” with € 5,697 and € 76,919 respectively.

The categories in which the lowest average monthly and annual earnings for full-time employees were observed were: a) category “9 – Unskilled workers, manual workers and small professionals”, with € 1,146 and € 14,682 respectively and b) category “6 – Skilled farmers, breeders, foresters and fishermen “, with € 1,177 and € 14,713 respectively (a category with a rather small number of employees for this research).

In 2018, the Economic Activity Sector with the highest monthly and annual earnings of full-time employees was sector “B – Mines and Quarries” (with very low employment rates), with average earnings of € 3,225 and € 45,247 respectively. It is followed by sector “K – Financial and Insurance Activities”, with average monthly earnings of € 3,017 and average annual earnings of € 39,886.

The lowest average monthly and annual earnings for full-time employees were observed in sector “I – Accommodation and Catering Services Activities”, with € 1,229 and € 15,940 respectively, as well as in sector “S- Other Service Activities”, with € 1,285 and € 16,096 respectively.

In 2018, the average hourly earnings of employees were € 10.78 for full-time employees and € 8.08 for part-time employees. Full-time male workers received on average € 11.33, while their female colleagues received € 10.15; part-time male workers were paid € 7.99, while female part-time workers € 8.16. Compared to 2014, there was an increase of 3.1% in the hourly earnings of full-time employees and an increase of 14.5% in the hourly earnings of part-time employees.

The increase in the hourly earnings of part-time employees is attributed to the large increase in their number in the entire labor market, and in particular in occupational categories such as “Qualified” and “Technicians and assistants and related professions.” /ibna