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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.

Bonuses 105
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Working Weekends—Greece Approves a Six-Day Workweek

HR Digest

Workers with full-time jobs can work with an additional part-time employer for five hours a day apart from their existing eight-hour commitment to their primary employer. 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.

Banking 109
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This just in: Your employee engagement is down

Achievers

Employers worldwide can’t keep it up either. 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. It couldn’t be spelled out more clearly for employers: employees + engagement = business results. Can’t keep it up?

Bonuses 92
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Gig Economy: A Cost-Cutting Measure or Adding Value to the Workforce?

HR Digest

In a recent survey EY conducted of employers in the US, one in two organizations said they had increased their use of gig workers in the last five years. One in three employers of 100,000 employees or more said they expected to use 30% or more contingent workers by 2020. Why is the Gig Economy growing?

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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% Employees are demanding more pay and it is often the case that the employer simply cannot meet the demand. respectively. on the year.

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A Comprehensive Guide to UAE Wage Protection System for HR and Payroll Managers 

Bayzat

It ensures employers pay employees’ wages on time and exposes defaulters. It launched in July 2009 with Ministerial Decree No 788. After its launch in 2009, the initiative underwent a couple of modifications. UAE employers upload employee wage files to the database, and MoHRE and Central Bank validate the information.

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Performance Appraisal & Rewards in Response to COVID-19

HR Digest

And the lessons from most recent events in the last 20 years like the relatively mild swine flu (H1N1) in 2009, the dot-com bubble of 2001, and the 2008-09 Great Recession, are nowhere near suitable to withstand the social and economic impacts of the COVID-19 pandemic. Spanish flu). Performance Appraisal. Money talks, honey.