International Internet Magazine. Baltic States news & analytics
Thursday, 27.10.2016, 19:39
The government today supported the Welfare Ministry's proposal to increased the minimum wage in Latvia from EUR 370 to 380 from January 1 of next year, writes LETA.
Keyword tags: Financial Services, Latvia, Wages
Even though in the past three years there has been a positive trend in employee satisfaction with their wages, still more than 60 % of employees in Latvia believe they are not paid appropriate wage, according to a poll conducted by CV-Online Latvia recruitment company informs LETA.
According to a survey carried out by the employment portal cvmarket.lv, 86 % of employees in Latvia have official employment contracts and pay all taxes, informs LETA.
A figure in the budget of Lithuania's state-run social insurance fund Sodra warns that if several thousand more people enter the labor market than leave it in 2017 and 2018, the total number of the insured will remain unchanged and the labor market will come close to its bottom as soon as in 2019, the business daily Verslo Zinios reported on Tuesday cites LETA/BNS.
At the Äriplaan 2017 conference on Wednesday, Governor of Eesti Pank Ardo Hansson spoke of the increased share of labour-dependent sectors in the Estonian economy, which is also illustrated by the growth in wages in recent years. This means that the market is moving ever more decisively away from business models based on cheap labour.
According to a fresh study carried out by the consultation company Fontes, the wage gap between women and men has increased this year by 1 ppt compared with 2015, informs LETA/BNS.
Latvian residents would like their monthly income to be at least EUR 1,216, according to a survey conducted by SKDS pollster writes LETA.