Greek enterprises have cut salaries and working hours in order to reduce labor costs and survive under the huge pressure of the financial crisis, as daily Kathimerini reports quoting an ICAP's HR Pulse survey, which was published on Tuesday. At the same time, though, the increasing number of enterprises turning to investment in training and new technologies in an attempt to respond to the contemporary demands of the market is an encouraging sign amid the relentless change that labor and salaries are undergoing. In the second quarter of the year - the period covered by the ICAP survey - reducing working hours was an option chosen by 25% of companies as a means of cutting labor costs over the next three months, while only 5% responded by saying that they had already implemented the measure. Only 13% of companies said they are not planning to cut their labor costs, down from 18% in the previous quarter. Still, less than half (47%) said they had already cut their costs per employee, while 80% said they have not reduced spending on marketing training.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor