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Tag: employees

  • Working from home reduces stress levels for Millennials and Generation Z

    Working from home reduces stress levels for Millennials and Generation Z

    Almost 70% of Millennials and 64% of Generation Z said the option of working from home in the future could relieve stress, according to the latest edition of Deloitte Global Millennial Survey.

    However, the share of respondents who said they were stressed most of the time decreased for both generations during the pandemic , from 50% to 42% for Millennials and from 52% to 44% for Gen Zs.

    Financial concerns remain an acute stress factor for Millennials, especially for those who started their career in the beginning of the financial crisis in 2008 and now face another downturn.

    In the primary survey, more than 50% of Millennials believed their financial situations would worsen in the next year and their share increased to 61% after the pandemic outbreak.

    Four years ago, the share of Millennials in the primary survey who said they wanted to stay with their employers for five or more years was larger than the share of those who wanted to leave within two years.

    Those who would leave in two years or less dropped from 49% to 31%, while those who prefer to stay long-term jumped from 28% to 35%.

    Gen Zs remain more interested in changing the job, but only half of them said they would like to change jobs within two years, down from 61% a year ago.

    Interesting, a large majority (80%) think governments and businesses need to make greater efforts to protect the environment, yet they are concerned that the economic impact of the pandemic might make this less of a priority.

  • 40% of working women are employed in sectors affected by the pandemic

    40% of working women are employed in sectors affected by the pandemic

    COVID-19 has increased labour market inequalities between women and men, with more women losing or giving up their jobs during the pandemic, according to the PwC Women in Work Index report.

    Progress for women in work could be back at 2017 levels by the end of 2021, with the index estimated to fall 2.1 points between 2019 and 2021.

    The Index will not begin to improve again until 2022, when it should recover by 0.8 points.

    Women were the most affected in 17 out of the 24 OECD countries that reported an overall increase in unemployment in 2020.

    Between 2019 and 2020, the annual OECD unemployment rate increased by 1.7 percentage points for women (from 5.7% in 2019 to 7.4% in 2020)

    Data collected for the PwC report show that globally, 40% of working women (nearly 510 million) are employed in sectors that the International Labour Organisation identifies as being hardest hit by COVID-19, compared to 37% of men working in these sectors.

    The sectors concerned include tourism, entertainment and recreation, trade and food services.

    In order to undo the damage to women in work caused by COVID-19 by 2030, progress towards gender equality needs to be twice as fast as its historical rate.

    Women in Work Index 2021

    As they do every year, PwC experts have prepared a list of OECD countries ranked by the progress of individual labour markets for women.

    The top places in the current edition are held by Iceland, Sweden and New Zealand, with Mexico, South Korea and Chile taking the last three places. 

    Among the countries of Central and Eastern Europe, Slovenia ranks highest (in 4th). Poland was ranked 11th, Hungary 18th and Estonia in 19th.

    The Czech Republic and Slovakia are only in the lowest third of the list, ranking 22nd and 26th respectively.

  • Which countries have the highest graduate employment rates in Europe

    Which countries have the highest graduate employment rates in Europe

    Malta has the highest graduate employment rate across Europe, with a whopping 93.4% of recent graduates employed latest Savoy Stewart data show.

    In second place is Germany with graduate employment at 92.7%. Clinching third and fourth are the Netherlands at 91.9% and Iceland with an equally impressive 91.5%.

    Making the top ten countries with the highest graduate employment rates include Norway – 90.5%, Luxembourg – 89.4%, Austria – 89%, Sweden – 88.7%, Switzerland – 87.9%, Czechia – 87.3%.

    The European country with the worst employment rates for graduates is North Macedonia – a shockingly low 57.2%.

    Following North Macedonia is Turkey with 57.8%. Also battling economic issues, Italy and Greece follow with 58.7% and 59.4%, respectively.

    Other European countries with low graduate employment rates include Montenegro – 65.4%, Serbia – 66.5%, France – 75.7%, Croatia – 75.8% and Romania – 76.1%.

  • Czechia: Unemployment rate at 2.9% in October 2020

    Czechia: Unemployment rate at 2.9% in October 2020

    Unemployment rate of the aged 15–64 years in Czechia reached 2.9% in October 2020 and increased by 0.9 p.p., year-on-year.

    The male unemployment rate, seasonally adjusted, attained 2.5%; the female unemployment rate reached 3.4%.

    Employment rate of the aged 15–64 years reached 74.0% in October 2020 and decreased by 1.2 percentage point (p.p.) compared to that in October 2019.

    The male employment rate was 81.0%; the female employment rate was 66.6%, both seasonally adjusted.

    The employment rate of persons aged 15–29 years, seasonally adjusted, was 45.6%, in the age group 30–49 years it attained 86.4%, and in the age group 50–64 years it got to 76.7%.

  • 413.241 people are registered as job-seekers in Austria

    413.241 people are registered as job-seekers in Austria

    This week, 413.241 people were registered as job-seekers in Austria at the Labour Market Service (AMS), Heute reports.

    There are about 4.000 more than in the previous week (409,356).

    AMS said Monday that 348.354 people are currently without a job, with 64.887 in training. Compared to the same time last year, there are 71,000 more jobseekers.

    Employment Minister Christine Aschbacher pointed out that the rise in unemployment is having seasonal effects: ”With the extension of short-time working and the Corona job offensive including work foundations, we are ready for the coming months.”

  • The the number of employed persons in Bulgaria decreased by 5.6% in Q2

    The the number of employed persons in Bulgaria decreased by 5.6% in Q2

    In the second quarter of 2020 there were 3.079,6 thousand employed persons aged 15 years and over in Bulgaria, of whom 1.642,0 thousand men and 1.437,6 thousand women.

    Compared to the second quarter of 2019, the number of employed persons decreased by 5.6%. The employment rate for the same age group was 52.0% (57.8% for men and 46.6% for women).

    In the second quarter of 2020 there were 192.2 thousand unemployed persons, of whom 108.1 thousand (56.2%) men and 84.1 thousand (43.8%) women.

    The unemployment rate was 5.9%, 6.2% and 5.5% for men and women respectively.

    In comparison with the second quarter of 2019, the unemployment rate rose by 1.7 percentage points, registering an increase by 1.6 percentage points for men and by 1.8 percentage points for women.

    In June 2020 the average wage and salary was BGN 1.355 and rose by 1.7% compared to the previous month and by 8.1% compared to June 2019.

  • Italy: Unemployment rate down to 9.7% (-0.1%)

    Italy: Unemployment rate down to 9.7% (-0.1%)

    In August 2020, in Italy, employment continued the growth already began in July and unemployment decreased, while inactivity kept on dropping, latest Istat data show.

    On a monthly basis, the increaseof employment (+0.4%, +83 thousand) concerned both men (+0.5%, +72 thousand) and women (+0.1%, +11 thousand), leading the employment rate to 58.1% (+0.2p. p.).

    In the last month, the drop of unemployed people (-0.9%, -23 thousand) involved only women (-3.0%, -36 thousand), where as men grew (+0.9%, +12 thousand).

    The unemployment rate decreased to 9.7% (-0.1 percentage points) while the youth rate increased to 32.1% (+0.3p.p.).

    In August the decline of inactive people aged 15-64 (-0.5%, -65 thousand) concerned only men (-1.7%, -85 thousand), while for women a rise was recorded (+0.2%, +20 thousand); the inactivity rate went down to 35.5% (-0.1 percentage points).

  • Czechia: Unemployment rate reached 2.8% in August 2020

    Czechia: Unemployment rate reached 2.8% in August 2020

    The employment rate of the aged 15–64 years, reached 74.4% in August 2020 and decreased by 0.8 percentage point compared to that in August 2019, latest Czech Statistical Office data show.

    The male employment rate was 81.3%; the female employment rate was 67.2%, both seasonally adjusted.

    The employment rate of persons aged 15–29 years, seasonally adjusted, was 46.0%, in the age group 30–49 years it attained 87.0%, and in the age group 50–64 years it got to 76.7%.

    The general unemployment rate of the aged 15–64 years reached 2.8% in August 2020 and increased by 0.8 p.p., year-on-year.

    The male unemployment rate, seasonally adjusted, attained 2.7%; the female unemployment rate reached 2.8%.

  • 7.000 new jobs in the Greek food retail trade this year

    7.000 new jobs in the Greek food retail trade this year

    Employment grew by 3.2% in the Greek food retail trade in the first half of 2020. There were registered 7.000 new jobs in 2020 and the total number of workers in the food retail trade reached 215.000.

    In 2020, based on a six months data, a significant effect of the pandemic is recorded.

    In particular, in relation to the food retail trade, there was an increase of 3.2% in the first half of 2020 compared to the first half of 2019, while the rest of the retail trade recorded a decrease of -0.4% in the first half of 2020 compared to the same half of 2019.

    In the period 2000-2020 the food retail trade shows an increase in employment of 50.5%, as opposed to the rest of the retail trade which shows a decrease of -8.5%.

    Data was gathered by The Institute for Consumer Goods Retail Research (IEKKA).

  • Unemployment rate in Greece at 18.3% for June 2020

    Unemployment rate in Greece at 18.3% for June 2020

    The unemployment rate in Greece in June 2020 was 18.3% compared to the downward revised 17.1% in June 2019 and to the upward revised 17.3% in May 2020.

    The number of employed in June 2020 amounted to 3.744.630 persons. The number of unemployed amounted to 836,637 while the number of inactive amounted to 3.312.753.

    The number of employed persons decreased by 174.217 persons compared with June 2019 (a 4.4% rate of decrease) and increased by 11.640 persons compared with May 2020 (a 0.3% rate of increase).

    The number of unemployed persons increased by 27.091 persons compared with June 2019 (a 3.3% rate of increase) and by 58.146 persons compared with May 2020 (a 7.5% rate of increase).

    The number of inactive persons, i.e., persons that neither work nor look for a job, increased by 108.669 persons compared with June 2019 (a 3.4% rate of increase) and decreased by 2.265 persons compared with May 2020 (a 2.1% rate of decrease).

  • Hungary: Average net earnings were HUF 280,500 in June 2020

    Hungary: Average net earnings were HUF 280,500 in June 2020

    In June 2020, average gross earnings amounted to HUF 421,700, 15.6% higher than a year earlier. The one-time HUF 500.000 bonus received by health care workers explain a significant part of the outstanding growth.

    In January–June 2020, average gross earnings amounted to HUF 395.000, average net earnings were HUF 262.600.

    Both grew by 9.9% compared to the same period of the previous year.

    Full-time employees’ average gross nominal earnings – as defined by the Hungarian Central Statistical Office – at corporations employing at least 5 persons, at budgetary institutions and significant non-profit organisations in respect of employment, amounted to HUF 421,700 and excluding fostered workers were HUF 434,000.

    Average net earnings were HUF 280,500 excluding tax benefits and HUF 290,200 including them.

    Both average gross earnings and average net earnings excluding tax benefits grew equally, by 15.6%.

    Average net earnings including tax benefits rose to a greater extent, by 16.0%, compared to the same period of the previous year, in relation to a temporary decrease as well as elimination of social security payment obligations in certain economic branches.

    Average gross regular earnings (gross earnings without premiums and one-month bonuses) were estimated at HUF 375,900, which is 10.6% higher than a year before.

  • Greece: Unemployment rate at 17.0% in May 2020

    Greece: Unemployment rate at 17.0% in May 2020

    Unemployment rate in May 2020 was 17.0% compared to the downward revised 17.2% in May 2019 and to the upward revised 15.7% in April 2020, Elstat shows.

    The number of employed in May 2020 amounted to 3,729,591 persons. The number of unemployed amounted to 764,912 while the number of inactive amounted to 3,401,996.

    The number of employed persons decreased by 193,312 persons compared with May 2019 (a 4.9% rate of decrease) and by 128,924 persons compared with April 2020 (a 3.3% rate of decrease).

    The number of unemployed persons decreased by 52,396 persons compared with May 2019 (a 6.4% rate of decrease) and increased by 48,444 persons compared with April 2020 (a 6.8% rate of increase).

    The number of inactive persons, i.e., persons that neither work nor look for a job, increased by 205.247 persons compared with May 2019 (a 6.4% rate of increase) and by 77,988 persons compared with April 2020 (a 2.3% rate of increase).