Category: NEWS
In Q2 2024, unemployment in Georgia decreased to 13.7%
In the second quarter of 2024, the unemployment rate in Georgia decreased to 13.7%. GEOSTAT stated that in the same period, the number of employees was more than 1.38 million, and the number of hired employees was 935.8 thousand. During the reporting period, 451.5 thousand people were self-employed, and 219.7 thousand people were considered unemployed […]
Read moreIT workers fluctuate a lot in Serbia
The COVID-19 pandemic and the subsequent slowdown in the industry make IT professionals in Serbia typically stay with a company for a few years on average. In spite of hope for market stabilization, experts in the sector are not optimistic about the future because of workforce turnover.
The recruitment agency BPS Tech reports that certain job profiles, employees and companies follow different tendencies: some of them focuse on outsourcing and others develop their own products.
According to the first ones, one reason for this situation is the predominant orientation of the market itself towards outsourcing (estimated at around 80%). Another reason is the importance for candidates of leaving their personal mark on the company by working on products. This makes the average retention in product companies higher. Candidates working for outsourcing companies often lack a sense of belonging and purpose, as they predominantly work on existing solutions that aren’t as interesting. Challenging projects, opportunities for advancement, variety of work/projects, work environment, salary and benefits are the most important factors influencing employee retention in a company.
Joberty, a platform connecting employers and candidates in the IT sector, reports that the average tenure of IT professionals in companies remains between two and four years. Nevertheless, the situation in the IT sector has changed significantly.
The demand for IT professionals increased during the COVID-19 period due to an expansion of IT projects and digitalization.
According to Milan Šolaja, Executive Director of the Vojvodina ICT Cluster, now employees value stability and job security more than in the pre-COVID period of somewhat reduced growth when workforce turnover was stronger.
As Miloš Turinski, PR Manager of the employment and career development center Infostud, says, a general tendency for the average time IT workers in Serbia work in one company has decreased.
He assesses that employee retention is longer in larger companies or well-known brands that often offer more stable jobs, better benefits and opportunities for professional development than in smaller companies and lesser-known brands.
The duration of tenure is primarily influenced by the seniority of an employee, as junior workers change jobs more quickly as they are still in the phase of discovering their interests and possibilities in the industry. Conrtavertly, seniors usually stay longer, especially if they are satisfied with their role and involved in the development of the team and company, but they too may be inclined to change if they encounter better opportunities or challenges.
Corporate culture is extremely important for more experienced candidates, which makes them stay in companies for an average of five to seven years, sometimes even longer.
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Read more95,000 dinars is an average net salary in June
The State Statistical Office reported that the average net salary in June 2024 was 95,804 dinars. The median salary is 74,185 dinars, and half of the employees earned less than that.
They calculated the average gross salary for June 2024 equal to 132,290 dinars.
The Republic Statistical Office stated that the growth of gross salaries in the period from January to June 2024, compared to the same period last year, was 14.8% nominally, or 9.3% in real terms, while the average net salary increased by 14.7% nominally, or 9.2% in real terms.
The increase of the average gross salary for June 2024 was 12.1% nominally and 8% in real terms, compared to the same month of the previous year, while the growth of average net salary was 12% nominally, or 7.9% in real terms.
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Read moreMinimum wage will reach 53,592 dinars in 2025
Representatives of the trade unions, employers, and the Government addressed the public regarding the results of their talks about increasing minimum wage after the session of the Socio-Economic Council.
According to Serbian Prime Minister Miloš Vučević, they agreed upon the minimum wage during the session for the first time in six years. It means that the Government will not have to make the decision unilaterally.
Miloš Vučević said that they agreed upon the increase of the minimum wage by 13.7 percent (308 dinars per hour, or 53,592 dinars per month) after many meetings, discussions and a lot of work. According to the PM, the minimum consumer basket from May (53,518 dinars) will be covered by this amount of the minimum wage.
As Finance Minister Siniša Mali mentioned, the non-taxable income threshold will increase to 28,432 dinars from January 1. A record-low unemployment rate of 9.4 percent was also highlighted by him.
A satisfaction with the outcome of the negotiations was expressed and the focus areas for the upcoming period were pointed out by the President of the Employers’ Union, Miloš Nenezić.
The sum of 62,000 dinars was demanded by the trade unions, the employers’ wish went slightly above 50,000 dinars, and a desire for the amount to be between 53,000 and 53,500 dinars was expressed by President Aleksandar Vučić.
Čedanka Andrić, President of the Nezavisnost Association of Trade Unions, said that fifty-six percent of the average salary provided a good starting point for the negotiations they will continue to have. He also added that he would have been much more satisfied if that amount could have been higher at the moment, but this is the kind of consensus that could be achieved.
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Read moreUkraine to introduce fight or work regime PM
Kiev needs to collect more taxes to fund the war against Moscow’s troops, Prime Minister Denis Shmigal has said Ukrainian citizens will have to choose between being drafted into the army or working and paying all their taxes, Prime Minister Denis Shmigal has said. The government needs to rely more on its own resources to […]
Read moreMinimum wage in 2025 will be 53,592 dinars
After the session of the Socio-Economic Council, representatives of the trade unions, employers, and the Government addressed the public regarding the results of their talks about increasing minimum wage. Serbian Prime Minister Miloš Vučević announced that, for the first time in six years, the minimum wage was agreed upon during the session, meaning that the […]
Read moreOver 13,000 foreigners work in Kazakhstan
The Ministry of Labor and Social Protection of the Population of the Republic of Kazakhstan has indicated that 13,835 foreign nationals are currently employed in the country, Kazinform News Agency reports. The majority of foreign employees are specialists and skilled workers, with 5,097 and 538 individuals, respectively. Additionally, 559 foreigners are employed as managers and […]
Read moreGeorgian labour rights advocates challenge Evolution at OECD
The Social Justice Centre (SJC), a Tbilisi-based advocacy group, have announced that they have filed a complaint with the Swedish ‘contact points’ at the Organisation for Economic Co-operation and Development (OECD) on behalf of striking employees of Evolution Georgia. Employees of Evolution Georgia, primarily card shufflers and game presenters, began their strike on 12 July, […]
Read moreMore than 10,000 ethnic Kazakhs came back to Kazakhstan in January- July 2024
According to Kazinform News Agency, 10,134 ethnic Kazakhs have returned to Kazakhstan and received the status of kandas as of August 1, 2024.
The Ministry of Labour and Social Protection reports that 47.5% of the ethnic immigrants came from China, 37% arrived from Uzbekistan, 5.8% from Turkmenistan, 5.2% from Mongolia, 3.2% from Russia and 1.3% came from other countries.
59% of ethnic immigrants are people of employable age, 31.3% are underage children and 9.7% are pensioners as of August 1, 2024.
The majority of them were located in workforce-deficit areas, such as Akmola, Abai, Kostanay, Pavlodar, East Kazakhstan and North Kazakhstan regions.
Some benefits are provided to those settling in the abovementioned areas.
Firstly, each family member gets a lump-sum travel costs to the amount of 70MCI (monthly calculation indices) (258,400 tenge). Secondly, each family gets a monthly housing rent and utility allowance for the period of 12 months, amounting from 15 to 30 MCI depending on the number of family members (from 55,300 to 110,700 tenge).
Since 1991, 1,138,500 ethnic Kazakhs in total have come back to the historical motherland.
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Read moreStatistics office reports a 3.1% decrease of unemployment rate in Georgia in Q2
A new update of data from the National Statistics Office of Georgia shows a decrease by 3.1 percent of unemployment rate in Georgia in the second quarter of 2024 year-on-year and (13.7 percent across the country).
According to Geostat, the number of hired employees had increased by 2.1 percent (935,800 individuals), while the number of self-employed had increased by 10.1 percent (451,500).
The Office reported a 17.7 percent decrease of the number of unemployed in the same period (219,700).
An increase by 2.8 percentage points was shown by the employment rate (47 percent) and a 1.3 percentage points growth was demonstrated by the share of the labour force in the total population aged 15 and older increased by year-on-year (54.5 percent).
3 percentage points increase of employment rate was registered in urban settlements (47.9 percent) and by 2.5 percentage points in rural areas (45.8 percent).
The Office reported that 67.5 percent among employed individuals were hired employees (1.6 percentage points lower than the previous year’s corresponding period).
The decrease of the unemployment rate in both urban areas and rural settlements was by 3.5 and 2.5 percentage points respectively in Q2.
The rate was traditionally higher for men (2.6 percentage points down, 10.9 percent) than for women (3.6 percentage points decrease, 15.9 percent).
According to Geostat, the indicator of the labour force participation rate was 44.4 percent for women (increased by 1.5 percentage points) and 66.1 percent for men (1 percentage points up) in Q2.
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