Money Buzz! Europa

Category: Jobs

  • Hourly labour cost in Bulgaria rose by 10.2% in Q1 2020

    Hourly labour cost in Bulgaria rose by 10.2% in Q1 2020

    Latest National Statistical Institute data show that the total hourly labour cost rose by 10.2% compared to the first quarter of 2019.

    The total hourly labour cost grew by 9.0% in industry, by 9.2% in services and by 8.1% in construction.

    The highest annual growths in total labour costs were recorded in ”Education” – 25.9%, ”Real estate activities” – 23.2% and ”Accommodation and food service activities” by 13.5%.

    Lowest annual growth is just 3.4% and is registered in ”Mining and quarrying” field.

  • The unemployment rate was 16.2% in the first quarter in Greece

    The unemployment rate was 16.2% in the first quarter in Greece

    Latest ELSTAT data shows that the number of unemployed persons amounted to 745.093. The unemployment rate was 16.2%, compared with 16.8% in the previous quarter and 19.2% in the corresponding quarter of the previous year.

    The number of the unemployed decreased by 5.3% compared to the previous quarter and by 17.9% compared to the same quarter of the previous year.

    The number of persons employed amounted to 3.852.615

    The employment rate decreased by 1.3% compared to the previous quarter and increased by 1.0% compared to the same quarter of the previous year.

    Persons who are subject to a suspension of their contract are still considered to be employed, if the suspension period is less than 3 months or if they receive more than 50 % of their remuneration.

    The number of economically inactive under the age of 75, i.e. the persons who are neither working nor looking for a job, amounted to 3,311,960.

    The share of the inactive persons increased by 2.5 % compared with the previous quarter and by 2.4 % compared to the same quarter of the previous year.

  • 22% of workers born outside EU, employed on a temporary contract

    22% of workers born outside EU, employed on a temporary contract

    In the European Union (EU), in 2019, more than one fifth (22%) of employees born outside the EU were employed on a temporary contract, latest Eurostat data shows.

    In comparison, the share of people with a temporary contract among employees born in another EU Member State was 15%, while native-born employees with a temporary job had the lowest rate, standing at 13%.

    Highest share of employees born outside the EU on temporary contracts in Poland

    In 2019, across the EU Member States, the highest share of employees born outside the EU employed on temporary contracts was recorded in Poland (53%), followed by Spain (38%), Cyprus (33%), Portugal (29%), Sweden (26%) and the Netherlands (25%).

    By contrast, the lowest share was observed in Estonia (2%), followed by Latvia (4%), Austria (8%) and Ireland (10%).

    For persons born in another EU Member State (other than the Member State of residence), the highest share of temporary employees in the total number of employees was recorded in 2019 in Spain (29%), followed by Portugal (24%), Greece (23%) and Italy (21%).

    At the opposite end of the scale, the lowest share of employees with a temporary job was observed in Hungary and Ireland (both 6%), Austria (7%), Luxembourg, Cyprus and Slovenia (all 9%).

    In 2019, the share of temporary employees in the total number of native-born employees peaked in Spain (24 %), followed by Poland (21%), Portugal (19%) and Croatia (18%).

    By contrast, the lowest shares were observed in Lithuania, Romania (both 1%), Estonia, Latvia (both 3%) and Bulgaria (4%).

  • Xerox: 82% of employees expected to return to the office in 12-18 months

    Xerox: 82% of employees expected to return to the office in 12-18 months

    A new global business survey commissioned by Xerox shows an estimated 82% of the workforce in respondents’ organizations will have returned to the workplace in 12-18 months’ time, on average.

    In preparation for a return, companies are investing in new resources to support a hybrid remote / in-office workforce, with 56% increasing technology budgets and 34% planning to speed their digital transformation as a result of COVID-19.

    The Xerox Future of Work Survey, conducted by the independent research firm Vanson Bourne, polled 600 IT decision makers including senior C-level professionals from the U.S., Canada, the U.K., Germany and France, whose organizations have at least 500 employees.

    Respondents reported challenges caused by the sudden transition to remote work, with 72% citing they were not fully prepared from a technology perspective.

    In addition to technology (29%), the biggest pain points during the required work from home period were communication breakdown across teams/employees (26%) and maintaining focus (25%).

  • Aegean Airlines is the most attractive employer in Greece

    Aegean Airlines is the most attractive employer in Greece

    Aegean Airlines is the most attractive employer in Greece, as it found itself in the top of the Randstad ranking, climbing to the top from third place on last year’s list.

    Naftemporiki.gr also noted that the top 10 most attractive employers in Greece for 2020 are:

    • Aegean Airlines
    • Hellenic Aviation Industry
    • Sklavenitis
    • Ion
    • Hellenic Telecommunications Organization (OTE)
    • Intralot
    • Bank of Greece
    • Pharmathen
    • Papadopoulou
    • Independent Electricity Transmission Manager (ADMIE)

    The Randstad Employer Brand survey, the most comprehensive, independent and detailed survey of the employer’s image worldwide, was conducted on a sample of 6,136 companies with over 185,000 participants in 33 countries.

    For Greece, the survey is conducted for the third consecutive year evaluating a sample of the 150 largest companies, involving 3,504 people, including Greek students, workers and unemployed people aged 18 to 65.

  • Unemployment in Greece at the lowest point since 2010

    Unemployment in Greece at the lowest point since 2010

    The Hellenic Statistical Authority show that the unemployment rate in March 2020 was 14.4% compared to 18.1% in March 2019 and to the downward revised 15.9% in February 2020.

    The number of employed in March 2020 amounted to 3,874,437 persons. The number of unemployed amounted to 653,686 while the number of inactive increased to 3,373,369.

    The number of employed persons decreased by 12,923 persons compared with March 2019 (a 0.3% rate of decrease) and by 10,263 persons compared with February 2020 (a 0.3 rate of decrease).

    The number of unemployed persons decreased by 203,288 persons compared with March 2019 (a 23.7% rate of decrease) and by 79,397 persons compared with February 2020 (a 10.8% rate of decrease).

  • Slovakia: Decrease in employment and wages deepened in April

    Slovakia: Decrease in employment and wages deepened in April

    A decrease in employment and wages, which was reflected in March figures, deepened even more in most sectors in April, latest statistical figures show.

    In April 2020 compared with April 2019, employment increased only in information and communication by 4,8 %.

    It decreased in food and beverage service activities by 9,3 %, accommodation by 7,5 %, industry and construction equally by 6,1 %, retail trade and in selected market services equally by 4,8 %, wholesale by 3,9 %, sale and repair of motor vehicles by 2,5 % and in transportation and storage by 1,2 %.

    In the first four months of 2020, compared with the corresponding period in 2019, employment rose, on average, in information and communication by 5,1 % and transportation and storage by 1 %.

    It decreased in industry by 3,9 %, retail trade by 3,1 %, food and beverage service activities by 2,2 %, wholesale by 1,8 %, construction by 1,4 %, sale and repair of motor vehicles by 0,8 %, accommodation by 0,3 % and in selected market services by 0,1 %.

    Average monthly wage increased only in retail trade and in wholesale

    In April 2020 compared with April 2019, the average nominal monthly wage increased in selected market services by 1,8 % (reached EUR 999), retail trade by 1,6 % (EUR 759) and in wholesale by 0,8 % (EUR 1 014).

    It significantly decreased in accommodation by 26,9 % (EUR 543), but a fall was recorded also in other activities:

    • food and beverage service activities by 9,8 % (EUR 460),
    • industry by 8,8 % (EUR 1 083),
    • transportation and storage by 5,5 % (EUR 956),
    • sale and repair of motor vehicles by 4,8 % (EUR 981),
    • information and communication by 2,9 % (EUR 1 994), 
    • construction by 1,4 % (EUR 722).

    In April 2020, the average real monthly wage fell in all the surveyed sectors year-on-year, the most in accommodation by 28,4 %.

    It decreased in food and beverage service activities by 11,7 %, industry by 10,7 %, transportation and storage by 7,4 %, sale and repair of motor vehicles by 6,8 %, information and communication by 4,9 %, construction by 3,4 %, wholesale by 1,3 %, retail trade by 0,5 % and in selected market services by 0,3 %.

  • Duration of working life on the rise in the European Union

    Duration of working life on the rise in the European Union

    In 2019, the expected average duration of working life for the European Union’s (EU) adult population aged 15 years and more was 35.9 years, Eurostat data shows.

    This was 0.2 years longer than the average for 2018, and 3.6 years longer than in 2000.

    Men were expected to work longer than women in 2019 (38.3 years for men compared with 33.4 years for women).

    Although the expected average duration of working life has been longer for men than women since the start of the data series, the gender gap has been shrinking.

    Men worked 7.1 years longer than women in 2000, but by 2019 the gender gap had shrunk to 4.9 years.

    Expected duration of working life longest in Sweden, shortest in Italy

    Among EU Member States, Sweden and the Netherlands had the longest duration of working life (42.0 and 41.0 years in 2019 respectively).

    These were the only two EU Member States where the expected duration of working years exceeded 40 years.

    These two Member States were followed by Denmark (40.0 years), Germany (39.1 years) and Estonia (39.0 years).

    In contrast, the shortest expected duration of working life was recorded in Italy (32.0 years) followed by Croatia (32.5 years), Greece (33.2 years), Belgium and Poland (both 33.6 years).

    Highest increase in duration of working life recorded in Malta, lowest increase in Denmark, only decrease in Romania

    Compared with 2000, the expected average duration of working life was higher for all EU Member States in 2019, with the exception of Romania (a decline of 2.2 years).

    The largest increases between 2000 and 2019 in the duration of working life were recorded in Malta (7.6 years), Hungary (6.9 years) and Estonia (5.6 years), and the smallest increases in Denmark (1.7 years) and Greece (1.8 years).

  • Italy had a fall of the unemployed people by 23,9% in April

    Italy had a fall of the unemployed people by 23,9% in April

    In April, a fall of the unemployed people (-23.9%, -484 thousand) was recorded for both men (-17.4%, -179 thousand) and women (-30.6%, -305 thousand), latest Istat data shows.

    The unemployment rate dropped to 6.3% (-1.7 percentage points) and the youth rate fell to 20.3% (-6.2 p.p.).

    In April 2020, the decline of employment (-1.2%, -274 thousand) concerned both men (-1.0%, -131 thousand) and women (-1.5%, -143 thousand), and brought the employment rate to 57.9% (-0.7 p. p.).

    In April the considerable growth of inactive people aged 15-64 (+5.4%, +746 thousand) was registered for both men (+6.0%, +307 thousand) and women (+5.0%, +438 thousand), leading the inactivity rate to 38.1% (+2.0 percentage points).

    In the last three months, also the number of unemployed persons decreased (-20.4%, -497 thousand), while a growth among inactive people aged 15-64 years was registered (+5.2%, +686 thousand).

    On a yearly basis, the decrease of employed people was accompanied by a fall of unemployed persons (-41.9%, -1 million 462 thousand) and a growth of inactive people aged 15-64 (+11.1%, +1 million 462 thousand).

  • Unemployment rate in Slovakia rose for the first time after six years

    Unemployment rate in Slovakia rose for the first time after six years

    • In the 1st quarter of 2020, a long-term downward trend of unemployment rate stopped.
    • Unemployment rate rose for the first time after six years, year-on-year, by 1,1 %.

    The total number of the unemployed, according to the Statistical Office of the Slovak Republic, rose by 1,8 thous. to 161,6 thous. persons. Compared with the 1st quarter of 2019, the unemployment rate increased by 0,2%, reaching 6%.

    For women it grew by 0,2 p.p. to 6,2 %, for men by 0,1 p.p. to 5,8 %.

    Compared with the 4th quarter of 2019, the seasonally adjusted unemployment rate increased by 6,2 thous. persons (by 4 %) to 160,7 thous. persons.

    The number of the unemployed persons increased in the majority of age groups. It rose the most in the age group of the 35-49 by 6 thous. persons. A year-on-year decrease was recorded in the age group 25-34 (by 6,8 thous. persons) and in the 55-59 age group (2,9 thous. persons)

    The unemployed persons, who have never had a job, represented 21,5 % of the total unemployment, their share decreased by 1 p.p., year-on-year. In terms of the economic activity of the last employer, the highest number persons was employed last in industry (23,3 %), in trade (8,8 %) and in accommodation and food services (by 6,7 %).

  • Average monthly wage in Slovakia at EUR 1.086

    Average monthly wage in Slovakia at EUR 1.086

    The average nominal monthly wage of an employee in the economy of the Slovak Republic reached EUR 1.086, the Statistical Office of the Slovak Republic shows.

    Compared with the 1st quarter of last year, it grew by 6,2%, but its dynamics of growth slowed down year-on-year by 0,9%.

    Taking into account the inflation rate, the increase of the real wage reached 3,3%. Compared with the 4th quarter of 2019, the seasonally adjusted average wage grew by 1,4%.

    The highest level of average monthly wage was reached in the sectors of:

    • financial and insurance activities (EUR 2.085),
    • electricity, gas, steam and air-conditioning supply (by EUR 2.070),
    • information and communication (EUR 1.972).

    In eleven sectors, the wage was lower than the average

    The lowest average nominal wage was recorded by employees in accommodation and food service activities (EUR 594), in other activities (by EUR 654) and in construction (by EUR 723).

    Compared with the corresponding period last year, the average nominal monthly wage increased in all sectors, relatively the most rapidly in electricity, gas, steam and air-conditioning supply (by 13,9 %), in public administration and defense (by 11,6 %) and in education (by 10,1 %).

    Highest monthly wage in Bratislavský kraj

    In territorial terms, the average nominal monthly wage was higher than the average of the total economy of the SR only in Bratislavský kraj (EUR 1.394).

    In other regions, it ranged from EUR 834 in Prešovský kraj to EUR 1.007 in Trenčiansky kraj.

    The average wage increased year-on-year, in all regions with the highest relative increase by 7,9% in Nitriansky kraj and with 7,8% in Banskobystrický kraj.

  • Czechia: Unemployment rate reached 2.3% in April 2020

    Czechia: Unemployment rate reached 2.3% in April 2020

    The general unemployment rate of the aged 15–64 years, seasonally adjusted, reached 2.3% in April 2020 and increased by 0.2%, year-on-year, latest Czech Statistical Office data shows.

    The male unemployment rate, seasonally adjusted, attained 2.0%; the female unemployment rate reached 2.6%.

    The employment rate of the aged 15–64 years, seasonally adjusted, reached 75.2% in April 2020 and slightly increased compared to that in April 2019.

    The male employment rate was 82.3%; the female employment rate was 67.8%, both seasonally adjusted.

    The employment rate of persons aged 15–29 years, seasonally adjusted, was 44.9%, in the age group 30–49 years it attained 87.7%, and in the age group 50–64 years it got to 76.3%.