Wage expensiveness of the Czech state-funded institutions

Abstract

The aim of the paper is to examine a recent development of wage expensiveness within a sample of the Czech state-funded institutions. The paper firstly describes relevant wage expensiveness ratios and their construction. Further it concentrates on an analysis of wage expensiveness development in the middle-term time period, i.e. from 2015 to 2018 and its comparison with wage productivity ratio and 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 management requirements. At this paper we selected other suitable wage expensiveness ratio, i.e. wage expensiveness computed from revenues, and evaluated its development trends within a sample of selected state-funded institutions rendering 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 were used. Acquired data suggest average wages growth accompanied by parallel increase of wage expensiveness within the examined sample. This trend may be perceived debatably however, more precise conclusion would require an analysis of further factors affecting environment of health-care services.