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Average pay growth high but failing to keep pace with inflation

Employee Benefits

Growth in total pay , including bonuses, was 5.9% in the final quarter of 2022, while pay growth excluding bonuses was 6.7%, according to the latest labour market data from the Office of National Statistics (ONS). For pay excluding bonuses, this was the highest growth rate seen outside of the Covid-19 pandemic. on average.

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This just in: Your employee engagement is down

Achievers

The findings reveal an engagement level of 56 percent thus far in 2011, which is the same as 2010, but lower than 2009 (60 percent) and 2008 (57 percent). “At the end of the third quarter, Aon Hewitt analyzed its employee engagement database of more than 5,700 employers, representing five million employees worldwide.

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Working Weekends—Greece Approves a Six-Day Workweek

HR Digest

According to Reuters , the Greek economy is forecasted to grow 3 percent this year, which will put it closer to the pre-crisis size of 2009. The government had been locked into a hard place that was difficult to climb out of, but things are looking up to a degree. hours, with Romania, Poland, and Bulgaria following immediately behind.

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Easy Ways to Improve Your Healthcare Recruiting Process

Hireology

When I first heard this phrase our country was in the throes of the 2008 / 2009 financial crisis and things looked very bleak for our country. External costs* are items such as agency fees, advertising costs (job boards), technology costs (recruiting software), job fairs, sign-on bonuses, or other recruitment event costs.

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Median monthly pay up by 6.7% year-on-year in February

Employee Benefits

Average total pay , including bonuses, grew by 5.7% and regular pay, excluding bonuses, grew by 6.5% A larger fall was last seen in February to April 2009, when it dropped by 4.5% A larger fall was last seen in February to April 2009, when it dropped by 4.5% was higher than the average growth rate before March 2020.

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Gig Economy: A Cost-Cutting Measure or Adding Value to the Workforce?

HR Digest

Gig economy picked up pace after the recession of 2008 and 2009 when many people were laid off work and who had to be resourceful to find employment. Hence, all incentives, perks, bonuses are the first things to be cut as is evident by the constant tussles between Uber and Lyft drivers and the app service owners.

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Travel for Business? 10 Tips to Maximize Your Travel Rewards

Insperity

In the 2009 movie “Up in the Air”, the main character, Ryan Bingham, has business travel down to a science. He knows how to pack efficiently. He knows which airport lines move faster. And he’s a pro at maximizing his frequent flyer miles. “I I don’t spend a nickel, if I can help it,” he says, “unless it somehow profits my mileage account.”.

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