Average Policy Change Director Salary in Slovakia for 2024

In this article, we will look at the average Policy Change Director salary for 2024 in Slovakia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Policy Change Director Make in Slovakia?

A Policy Change Director working in Slovakia will typically earn around 38,780 EUR per year, and this can range from the lowest average salary of about 19,860 EUR to the highest average salary of 64,640 EUR.

Average Annual Salary
38,780 EUR
Average Monthly Salary
3,231 EUR

Lowest Annual Salary
19,860 EUR
Lowest Monthly Salary
1,655 EUR

Highest Annual Salary
64,640 EUR
Highest Monthly Salary
5,386 EUR

These are average salaries for a Policy Change Director in Slovakia and include benefits such as housing and transport. It's also possible for a Policy Change Director to earn more or less than the average salaries shown above.

Policy Change Director salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Policy Change Director Salaries in Slovakia

So we've looked at the average salaries a Policy Change Director will earn in Slovakia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Policy Change Director can earn between 19,860 EUR and 64,640 EUR on average in Slovakia. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Policy Change Director in Slovakia is 42,040 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 42,040 EUR, and 50% of the population earn more than 42,040 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Policy Change Director salary in Slovakia, 25% of the population are earning less than 29,540 EUR while 75% of the population earn more than 29,540 EUR.

75% of the population earn less than 56,100 EUR, and 25% of the population earn more than 56,100 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Policy Change Director Salary by Experience Level in Slovakia

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average policy change director salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Policy Change Director in Slovakia that has less than two years of experience can expect to earn somewhere in the region of 21,300 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Policy Change Director salary would increase to 30,700 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Policy Change Director, the average salary would be 44,180 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 50,620 EUR.
  • 15 - 20 Years Experience. A Policy Change Director with 15 to 20 years of experience can earn an average of 57,360 EUR.
  • 20+ Years Experience. For a Policy Change Director with more than 20 years, the expected average salary increases to 60,160 EUR.

Average Salary by Experience Chart

0-2 Years
21,300 EUR
2-5 Years +42%
30,700 EUR
5-10 Years +32%
44,180 EUR
10-15 Years +23%
50,620 EUR
15-20 Years +6%
57,360 EUR
20+ Years +10%
60,160 EUR

Policy Change Director Salary by Education Level in Slovakia

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Policy Change Director in Slovakia based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Policy Change Director in Slovakia with a bachelor's degree education can earn an average salary of 34,380 EUR.

  • Master's Degree. A Policy Change Director in Slovakia with a master's degree education can earn an average salary of 50,660 EUR.

Average Salary by Education Chart

Bachelor's Degree
34,380 EUR
Master's Degree +43%
50,660 EUR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Slovakia is around 10,900 to 32,700 EUR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Policy Change Director Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Slovakia, a male policy change director will earn an average of 43,480 EUR, while a female policy change director will earn around 38,620 EUR.

This means that a male policy change director earns approximately 13% more than a female policy change director for performing the same job.

Average Salary by Gender Chart in Slovakia

Male
43,480 EUR
Female -13%
38,620 EUR

Policy Change Director Average Pay Raise in Slovakia

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Policy Change Director in Slovakia is around 11% every 20 months.

The national average pay raise across all professions and industries in Slovakia is around 7% every 19 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 20 ) × 12  = 7%

What this means is that a Policy Change Director in Slovakia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Slovakia for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Slovakia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Policy Change Director Bonus and Incentive Rates in Slovakia

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Policy Change Director is a moderate bonus based job, with 55% of employees reporting at least one bonus in the last 12 months.

45% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
55%
No Bonus
45%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Slovakia earn approximately 2% more than private sector employees in the same role.

Public Sector
26,100 EUR
Private Sector -2%
25,680 EUR

Salaries for Jobs Similar to a Policy Change Director

In the table below, we have salary information for jobs that are similar to a Policy Change Director in Slovakia.

Job Title Category Salary
Actuarial Analyst Insurance 30,700 EUR
Actuarial Assistant Insurance 21,980 EUR
Actuarial Specialist Insurance 22,420 EUR
Actuary Insurance 32,900 EUR
Adjustment Insurance Clerk Insurance 7,800 EUR
Assistant Broker Insurance 14,540 EUR
Assistant Claims Manager Insurance 26,500 EUR
Associate Insurance Representative Insurance 13,960 EUR
Auditing Insurance Manager Insurance 35,000 EUR
Broker Insurance 24,860 EUR
Claim Advocacy Professional Insurance 23,080 EUR
Claims Adjuster Insurance 7,800 EUR
Claims Analyst Insurance 10,980 EUR
Claims Examiner Insurance 10,980 EUR
Claims Manager Insurance 32,420 EUR
Claims Processor Insurance 7,080 EUR
Claims Representative Insurance 12,840 EUR
Claims Resolution Specialist Insurance 26,080 EUR
Claims Supervisor Insurance 27,040 EUR
Complaints Specialist Insurance 22,340 EUR
Compliance Examiner Insurance 21,300 EUR
Compliance Officer Insurance 21,100 EUR
Compliance Reviewer Insurance 22,540 EUR
Consultant Insurance 22,400 EUR
Eligibility Interviewer Insurance 26,780 EUR
Eligibility Specialist Insurance 26,080 EUR
Insurance Account Manager Insurance 33,120 EUR
Insurance Accounts Executive Insurance 26,660 EUR
Insurance Adjuster Insurance 22,540 EUR
Insurance Agent Insurance 17,260 EUR
Insurance Analyst Insurance 24,860 EUR
Insurance Appraiser Insurance 23,700 EUR
Insurance Claims Clerk Insurance 8,560 EUR
Insurance Examiner Insurance 22,420 EUR
Insurance Investigator Insurance 23,500 EUR
Insurance Manager Insurance 43,360 EUR
Insurance Operations Manager Insurance 43,080 EUR
Insurance Policy Processing Clerk Insurance 9,440 EUR
Insurance Pricing Assistant Insurance 19,380 EUR
Insurance Program Manager Insurance 32,200 EUR
Insurance Project Manager Insurance 31,400 EUR
Insurance Quality Assurance Agent Insurance 20,940 EUR
Insurance Sales Agent Insurance 14,660 EUR
Insurance Sales Director Insurance 37,880 EUR
Insurance Sales Manager Insurance 32,900 EUR
Insurance Sales Representative Insurance 13,540 EUR
Insurance Team Leader Insurance 29,040 EUR
Insurance Underwriter Insurance 19,220 EUR
Loss Control Specialist Insurance 22,660 EUR
Loss Prevention Investigator Insurance 25,940 EUR
Loss Prevention Manager Insurance 33,980 EUR
Loss Prevention Specialist Insurance 28,660 EUR
Marine Underwriter Insurance 19,860 EUR
Medical Auditor Insurance 25,680 EUR
Monitoring and Performance Officer Insurance 18,780 EUR
Payment Services Specialist Insurance 23,480 EUR
Policy Change Supervisor Insurance 28,660 EUR
Policy Change Technician Insurance 10,980 EUR
Risk Analyst Insurance 27,480 EUR
Risk Management Director Insurance 48,760 EUR
Risk Management Supervisor Insurance 33,120 EUR
Risk Manager Insurance 45,600 EUR
Risk Modeling Manager Insurance 45,580 EUR
Title Insurance Typist Insurance 19,940 EUR
Training Manager Insurance 25,440 EUR

Salary Comparison by City

If you want to compare salaries with different cities in Slovakia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Bratislava 40,640 EUR

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