The Statistical Services of Cyprus has announced recently that the average gross monthly earnings of employees for 2021 increased by 3.2 per cent compared to 2020 to €2,067.The median gross monthly earnings of employees were €1,614.The Average monthly earnings of employees are calculated by dividing the total gross earnings before any deductions for compulsory social security contributions, by the total number of employees who received remuneration. The data source is the records of the Social Insurance Services.Companies need to consider the data to ensure that their salary scales are in line with that of other companies. Failure to do so, will potentially lead to losing employees. It will also be much harder for companies to recruit quality candidates if they do not keep with the benchmark.

The Civil Registry and Migration Department in Cyprus announced that they received 9090 applications for relocation for individuals working for international companies since the government’s strategy for attracting businesses and talent came into force in January 2022.

A recent survey of the Cyprus jobs market has revealed that half of all workers on the island are paid €1,500 or less a month.The two main arguments that normally follow from this is:1. The cost of living went up so employees need higher salaries2. Why are employees paid so little?Indeed, we live in a world where our cost of living has increased dramatically, and yet, considering the research, wages are relatively low. The problem is that businesses cannot keep on compensating employees to make up for the higher cost of living, as this is unsustainable over the long run.At the end, should the real question then not be:Do employers compensate employees fairly based on their experience, skills, qualifications, productivity and actual job function?

The Commissioner for Gender Equality, Iosifina Antoniou announced that the pay gap between men and women in Cyprus is 9%.This means that women on the island earn 91 cents for every €1 earned by men.Iosifina went on stating that the gab is even bigger when one considers the EU figures where women earn 87 cents for every €1 earned by men.We have been promoting equality in the workplace for years but still, it seems that not much has changed.We should ask ourselves… why this is still the case in 2022? 

As we roll into the new year we also roll into a new beginning for Cyprus.

The Interior Minister of Cyprus announced that there will be new rules to the permanent residency status.

In today's digital age, sending a WhatsApp message devoid of emojis feels almost surreal. With a staggering array of over 3,600 emojis circulating globally, it has become nearly impossible to abstain from their use. However, it is imperative to acknowledge that certain emojis can lead to workplace complications and legal entanglements.

In today's dynamic business landscape, the importance of employee development in the workplace cannot be overstated. It is not merely a buzzword, it's a strategic imperative for companies striving to thrive and remain competitive.

Diversity in the workplace isn't just a buzzword, it's a game-changer for employees.

Did you know that engaged employees are 21% more productive? Discover how you can foster a more engaged workforce with these tried-and-true strategies. From regular feedback sessions to team-building activities, learn how to create an environment where your employees can thrive.

As the remote work revolution continues to evolve, businesses face unique challenges that require innovative solutions. At FHS Enterprises, we understand the complexities of maintaining a productive and engaged remote workforce.

When employees feel valued, respected, and engaged, they bring their best selves to work every day. Here's why investing in employee happiness isn't just a feel-good strategy - t's a business imperative:

At FHS Enterprises, we believe that a happy, healthy workforce drives success. Here are our top best practices for 2024:

In today's rapidly evolving business landscape, the key to sustained success lies in cultivating leadership that is not only effective but also future-ready. We believe that developing leaders who can navigate the complexities of tomorrow start with forward-thinking strategies today. 

Creating a diverse and inclusive workplace is a key priority for companies aiming to foster innovation and growth.

When employees feel valued, respected, and engaged, they bring their best selves to work every day. Here's why investing in employee happiness isn't just a feel-good strategy - t's a business imperative:

At FHS Enterprises, we believe that a happy, healthy workforce drives success. Here are our top best practices for 2024:

Managing a Global Workforce: Complexities, Benefits, and Strategies

In today's world, sustainability isn't just a buzzword - it's a necessity. As HR professionals, we have a unique opportunity to lead our companies towards greener practices and a more sustainable future.

The gig economy is revolutionising the workforce, with over 36% of the U.S. workforce now engaged in gig work. This trend is reshaping traditional employment models, driven by the demand for flexibility and specialised skills. Companies benefit from cost efficiencies and the innovative, agile approaches gig workers bring.

We are seeing a significant transformation in the Human Resources (HR) landscape. The integration of data analytics into HR functions is no longer a luxury but a necessity for companies aiming to stay competitive. Leveraging HR metrics not only enhances talent acquisition and employee retention but also optimises performance management and provides predictive insights into workforce trends.