The pay of directors of companies on the London Stock Exchange’s FTSE-100 index, the top listed companies by market capitalization, rose by 39% last year to an average of £3.4m a year, according to a study which was released today. In 2020 the highest salary was received by the general manager of the pharmaceutical company […]
Tag: wages
How inflation revises pensions, wages and contributions
By Dimitris Katsaganis High inflation in 2023 will be a government-decided adjustment factor for the level of pensions, wages and contributions. Based on the existing institutional framework, the main pensions paid, the minimum wage and the contributions of the self-employed and farmers should be adjusted in 2023. First of all, the pensions of the main […]
Support measures in two phases: Temporary and permanent
By Dimitris Gatsiou The government is pleased to welcome the figures announced for the budget for the period January-July. At a critical juncture of global economic turmoil, courtesy of Russia’s invasion of Ukraine, the data, as it came to light, shows a 20% excess in both net and tax revenues, which translates into an excess […]
Germany: Largest trade union demands 7-8% wage increases
Germany’s largest trade union, IG Metall, is demanding a wage increase for its 3.8 million employees from 7% to 8% in order to cope with the rapid price increase. According to Bloomberg, the proposal made today by the leadership of IG Metall is the highest in the last 13 years, taking into account the Bundesbank […]
K. Hatzidakis: One year after the passage of the labor bill, the myths of Mr. Tsipras collapse in practice
“A year after the passage of the Labor Protection Law, workers have gained more power and rights and Mr. Tsipras’s myths are collapsing in practice!” points out the Minister of Labor and Social Affairs, Kostis Hatzidakis, in a post on his personal Facebook account. In particular, the Minister of Labor notes: “Mr. Tsipras was accusing […]
ELSTAT: In accommodation and catering the biggest earnings in salaries in the first quarter of 2021
The indicators of working hours and wages in the sectors related to tourism jumped in the first quarter, as shown by the data published today by the Hellenic Statistical Authority. In particular, the index of working hours in the activities of accommodation services and catering services showed an annual jump of 125.8%, while the corresponding […]
National Bank: Favorable ground for salary increases in the private sector
Encouraging trends in the Greek labor market create fertile ground for a wider adjustment of private sector wages in Greece after a long period of restraint, the National Bank estimates in its analysis entitled “Building defenses against inflation.” In particular, the bank’s analysis group believes that the strong labor market, the rapid recovery of tourism […]
For which civil servants are thaws increases
By Dimitris Katsaganis The way is open for increases in the salaries of civil servants for the first time in 12 years. A provision of the bill brought by the Minister of Interior Makis Voridis to a public consultation on May 10 (“system of targeting, evaluation and reward for enhancing the efficiency of the public […]
How high inflation will affect the salaries of high-ranking executives
By Dimitris Katsaganis High inflation this year is a driver of changes in the salaries of high-ranking executives of large companies. This is because from 2023 the adjustment of the maximum insurable salaries based on the inflation of the previous year, ie 2022, “thaws”. Given that this year, due to the worsening energy crisis in […]
US: Wage increase by 1.2% in the first quarter
Wages and salaries in the US rose sharply in the first quarter of the year, albeit well below those of extremely high inflation. Specifically, the employment cost index strengthened by 1.4% in the first quarter, after rising by 1% in the previous quarter. It is noted that analysts in a study of the Wall Street […]