Statement S1: Companies noting a decline in sales have reduced the scope of fringe benefits. This statement is rejected. Despite “stagnation” being the most common option, we proved that there is a certain correlation between the increase in sales and fringe benefits, and that is true both for the Czech Republic and Slovakia. We proved that the decline in sales was followed by an increase in fringe benefit packages. Regarding the Czech Republic, we even noted a change exceeding 50 %.
Statement S2: Companies noting an increase in costs have reduced the volume of fringe benefits. This statement was rejected, as this assumption was matched by trends in the Czech Republic only. In Slovakia, the status observed failed to generate a correlation between changes in costs and fringe benefit packages.
Regarding statement S3: Companies noting an increase in profit have raised the volume of fringe benefits. This statement was rejected as well. If we disregard the most common option, “stagnation in fringe benefits”, we must stress that, in particular in Slovak companies, we noted a growing profit is accompanied by a decrease in employee benefits. This fact could be a result of decreasing costs of fringe benefits, which might have allowed the companies to score a better profit margin. Important to note, the phenomenon occurred in the Czech Republic as well, albeit not so visibly as in Slovakia.