UK wage growth remains stable at 5.9%, according to the latest Financial Times report. This consistent growth could signal resilience in the labor market, despite ongoing economic challenges and inflationary pressures affecting consumers.
Browsing: employee compensation
In a significant shift, major Japanese corporations have announced substantial pay and bonus increases for employees, reflecting a growing commitment to improving worker compensation amid rising living costs. This development signals a potential change in Japan’s corporate culture.
Brazil has announced a relaxation of rules governing disbursements from workers’ severance funds, aimed at providing financial relief to employees amid economic challenges. The decision is expected to enhance liquidity for workers facing job loss.