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Last year, 78% of enterprises made a selective increase

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Last year, 78% of enterprises made a selective increase

Significant optimism among employers after a difficult three years of payroll survey KPMG for 2022, according to which some were given in the previous year raises, which, of course, did not cover the rising cost of living. For this reason, after all, there were initiatives enterprises individual financial income support for employees to support them. In the annual “Wage and Benefits Overview 2022” 118 Greek and multinational companies from all sectors (retail, consumer goods, high technology, insurance, pharmaceuticals) participated in KPMG, covering various turnover sizes and providing a representative image of the entire market. Key Findings: In 2022, 78% of businesses received pay increases for at least one category of employees, with increases hovering around 2.1% (median). The amount paid as a performance bonus totaled 9% of the total annual base salary in 2022 overall. At the same time, six out of ten companies provide a private pension plan to at least one category of employees, with 80% providing such programs to employees at the same time they are hired. 88% and 96% of businesses offer life and health insurance plans, respectively.

In terms of changes in the way they work after the pandemic, the company’s research showed that seven out of ten companies have switched or will switch to a hybrid model of work. The transition to a hybrid model is facilitated by the purchase of additional equipment by enterprises, the introduction of digital solutions and the training of personnel in new media. Already 35% of companies have implemented or are planning to implement changes in the workplace, i.e. hot-desking, adapting to the hybrid model.

According to Georgia Kalemidou, Director of Human Resources and Consulting at KPMG in Greece, 2022 was characterized by significant market optimism, leaving behind the difficult period of the last three years, as well as companies’ concerns about rising cost of living.

Author: Rula Salouru

Source: Kathimerini

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