On 9 October 2022, the Portuguese government, the leaders of the employers' confederations (of Industry, Agriculture, Tourism, and Commerce and Services), and the trade union (UGT) signed a national agreement for the improvement of income, wages, and competitiveness until 2026.
It aims to balance the weight of wages in national wealth, strengthen the competitiveness of companies, retain young talent and support families and companies to face the crisis.
E-commerce giant Shopify changed its compensation system, introducing a new approach to reward employees with more financial flexibility as part of a long-term strategy to attract and retain talent.
Using proprietary software Flex Comp, employees can choose how they want to allocate their total reward between base salary, Restricted Stock Units (RSUs), and Stock Options, with new features like Shop Cash in the future.
On 29 September 2022, Paychex released its 2022 Environmental, Social, and Governance (ESG) Report, detailing the progress the company made as well as new initiatives related to the nine pillars of the ESG programme: Ethics, Governance, Privacy and security, Diversity Equity and Inclusion, Employees, Environment, Community, Empowering businesses and Occupational Safety.
On 9 September 2022, OECD released its annual Employment Outlook report, Building Back More Inclusive Labour Markets, with the latest data and analysis of the impact on employment of the Covid-19 crisis and Russia’s aggression against Ukraine.
It reviews the key labour market and social challenges for a more inclusive post-COVID‑19 recovery and examines the policies to address these and future challenges.
According to the latest data, absenteeism at work is a phenomenon that has been growing enormously in recent times especially after the pandemic and can have a significant impact on business.
Since 2022, achieving company’s ESG (Environmental, Social and Corporate-Governance) goals will now factor into bonus calculations for all employees at Mastercard.
Incentive pay will be in part tied to progress towards the company’s ESG priority areas of carbon neutrality, financial inclusion, and gender pay parity.
It is the first Indian company that moved to a weekly salary regime, aiming to build a flexible and supportive working environment for its employees and to ensure them financial wellness.