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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Tag Archives: labour market
How does a university degree influence pay?
Compensation and benefitsSalaries in segment
Your education is likely to affect your children’s future direction. Various research has suggested that when parents have a university education, it’s very likely that their children will also study at college. Whilst children from weaker social environments - mainly due to their parents' attitudes - have lower overall aims and chances for a better life. Higher education is an opportunity for many young people to make a positive change and combat poverty. But is it really worth investing the time, energy and money in university studies? Paylab.com has set out to answer these questions from the wider perspective.
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7 tips how to narrow the gender gap
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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How ageing influences income and retirement savings
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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Europe is stagnating, real wages are growing only in CEE countries. Why?
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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Are companies prepared for salary disclosure?
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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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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