Tag Archives: career

Why are people increasingly sensitive to how much they earn?

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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What are the differences in the financial behaviour of millennials born in the 80s and 90s?

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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IT and digital specialsit potential of Central and Eastern Europe CEE

How can you attract IT talents and IT specialists to work for you?

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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What is the best way to approach negotiations concerning your salary and job conditions?

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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