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Compensation and benefitsSalaries in segmentSalary negotiation
On the labour market, our career performance is valued by our salary and this money is spent on the things we need and want. The amount of our salary has a multitude of effects on our everyday life and its quality. There are even studies that have examined the connection between salary and personal happiness. According to the international salary portal, salary is still one of the most important criteria when considering a new job and survey results show that finding a better paying job tends to be a more effective strategy than negotiating a higher salary from a current employer. Why are people increasingly sensitive to how much they earn? Why is a salary such a critical part of our lives?
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Compensation and benefitsPay equitySalary negotiation
Only 6% of women are ranked among the best paid employees. For the sake of comparison, as many as 13% of working men belong to this group. At present, there is a lot of debate about the unequal remuneration of men and women. This phenomenon is rather complex and Paylab portal has focused on 7 areas which significantly help reduce salary differences.
In any case, Paylab’s advice to women is that one of the best weapons in the struggle against salary dissatisfaction is to regularly monitor salaries for the same work position and to assertively negotiate salary terms.
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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 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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Pay equitySalary negotiation
Women earn less than men almost universally around the world. However, the pay gap between men and women can be overcome in many instances. Women can achieve higher salaries if they are more assertive and confident to bring up the subject when seeking a pay rise from their employer. Women largely rely on their honest and quality work paying dividends, without the need to actually negotiate their pay. While thanks for a job well done may be satisfying and strong motivation, such gratitude has no impact on their payslip. Paylab has prepared some tips for women to better negotiate their pay.
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Salaries in segmentSalary negotiation
Do you know Marcello Schermer? He quitted his well-paid job in Silicon Valley in order to be part of the startup community in Africa. Everywhere he goes, he eagerly talks about hidden potential, which is waking up on the African continent. As a Seed Star World’s regional manager he traveled all over African continent and supported business ideas created by local people in 18 African countries, including Kenya.
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Compensation and benefitsSalaries in segmentSalary negotiation
Digital Nomads are productive people, who don’t feel like doing classic corporate job. They are looking for alternative way of how to make a living, which can be, thanks to the internet, provided from anywhere in the world. They can work remotely while traveling and discovering themselves in new parts of the world. For a long time was Bali, the island in Indonesia, or Chiang Mai in Thailand, the most attractive places for Nomads because of its exotic beaches and low operating costs. But given the actual trends it is obvious that Nomads took a fancy to cities in Central Europe such as Budapest, Prague and Tallinn. So not only exotic islands but also these cities are up-to-date digital paradises.
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