Whilst managers’ monthly salary increased the most in 2011, employees in the oil and gas sector were paid the best.
Executives’ monthly wages increased by 4.9 percent to 57,600 kroner (USD 10,017) during the first nine months of last year, according to figures from Statistics Norway (SSB).
This was the highest percentage growth of all the occupational groups, representing a rise of 2,700 kroner (USD 470) per month in contrast with the same period in 2010.
Average monthly pay
By comparison, the average monthly pay for all employees rose by 3.8 percent to 38,100 kroner (USD 6626). This is 1,400 kroner (USD 243) more per month than the same time the previous year.
An average annual salary for all employees in 2011 was 453.000 kroner (USD 79.000). This equates to 17,800 kroner, or a 4.1 percent increase on 2010.
Of all the occupational the groups, it was employees in the oil and gas industry that came out best, salary-wise. In this sector, the average salary was 696,100 kroner, up 4.6 percent from the year before.
Hotel and restaurant industry
In second place came the financial industry, with a 643,300 per year average. Wage growth in this sector was 6.6 per cent on 2010.
Employees in the hotel and restaurant industry received an average annual salary of 321,100 kroner (USD 56.000), in sharp contrast. Wage growth in this sector was 2.5 per cent from the previous year.