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Compensation and benefits
Did you recommend your friend or acquaintance to your HR department for hiring? In some companies you can receive as a reward for such a service some financial or non-financial benefits. Companies begun to reward employees if they help bring new and skilled help into the firm. Referral bonuses are a good way for companies to build a community among employees. It is in the employee's own best interests to recommend a high-quality candidate as they are personally engaged in the entire process.
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Compensation and benefitsSalary negotiation
People with a friendly relationship with their boss have salaries that are roughly 14 per cent higher than respondents who have a reserved or unfriendly relationship with their boss. The Paylab.com salary portal completed an international employee survey on the characteristics that contemporary managers lack the most. The portal also examined how their relationship with their boss influenced their salaries. The right remuneration is the one of the key pillars of correct relationships with direct superiors.
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Compensation and benefitsPay equitySalary negotiation
What kind of salary can we expect when we are celebrating our fiftieth birthday? Will it be higher or lower than today? The international Paylab.com portal prepared a number of points related to the topic of ageing, and we think that people should view their careers and pay from a broader perspective.
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Compensation and benefitsSalaries in segment
Over the last seven years, employees in the new member states have seen the biggest improvement of their earnings compared to the rest of the EU. Since the financial crisis, the purchasing power and living standards of former Eastern Bloc countries have enjoyed the biggest increase. This indicator is best seen in real wages, which show the purchasing power of wages, i.e. the amount of goods and services you can actually buy with your wage in your country.
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Compensation and benefitsPay equity
Would you like an official way to determine just how much your colleague, neighbour, partner, acquaintance or friend earns? Simply put, no more taboos or secrets about pay among those around you. Imagine if you could conveniently log on to an online-system available any time of day and find out just how many digits are on the pay stubs of the people you know, and how much the government actually deducts from their income. Salary disclosure can lead to pay equality while the overall trend now is to increase salary and compensation transparency.
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Compensation and benefitsSalaries in segment
Millennials, or more accurately Generation Y, are a phenomenon that has had a major impact on the labour market for nearly 20 years. Today’s young adults have brought many new aspects to the work process and often represent a huge question mark for employers and HR professionals. Paylab took a closer look at the financial behaviour of today’s most attractive target group for HR managers, as well as retailers, marketers and developers.
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Compensation and benefitsSalaries in segment
Did you know that in the region of Central and Eastern Europe are being produced personal car models of 18 famous car brands? If you are driving cars like Audi, Citroen, Dacia, Hyundai, Fiat, Ford, Opel, Lancia, Kia, Medcedes - Benz, Peugeot, Porsche, Renault, Seat, Suzuki, Skoda, Toyota or Volkswagen, following popular car models are being produced there. More brands like Land Rover and brands connected with automotive suppliers started to build new plants there. The CEE region automotive sector is a key player both as employment provider and GDP generator, as most manufactured products are exported.
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Compensation and benefitsSalaries in segmentSalary negotiation
Many companies are currently feeling the effects of a lack of talented IT specialists with suitable skills on the labour market and have begun to look for talented help abroad. The Paylab Portal focused on IT specialists from the Baltics, Balkans and Central Europe in an effort to determine their willingness to work abroad. A total of 4,343 IT specialists working in this region across 11 countries in Central and Eastern Europe (CEE) participated in a Paylab survey at the beginning of 2017. They primarily included software engineers, technical specialists and programmers. Higher earning potential was the most attractive reason to work abroad, given that they were likely to earn at least double in Western Europe than what they were earning in their home country.
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Pay equitySalary negotiation
Women are, in general, less assertive than men in promoting their own professional interests and demands. A lack of initiative in promoting one’s own personal interests is one of the major factors why women earn less than men and why their careers progress much more slowly. Lower incomes put women at financial risk and disadvantage upon retirement, given their lower savings and pensions. Retired women, single women and single mothers are at the greatest risk of poverty. What stands behind this behaviour?
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Compensation and benefitsSalary negotiation
Conditions have never been better on the job market for employees to push for and negotiate conditions with which they will be truly satisfied. Skilful and capable people on the market are few and far between, and HR professionals have responded by thinking of inventive ways to attract and retain the best talent for their companies.
All companies internally assess employees based on the added value they deliver to the business, their leadership, support, relationships, and especially in terms of the ROI (return on investment) they deliver. If you’re one of your company’s key employees, it’s good to know both your internal value and your overall market value, which is primarily determined externally, outside the company, by comparing your salary to the market value on Paylab.com.
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