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ANALYSIS-MARKET-TRENDS
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Largest increase in negotiated monthly salaries since April 2004
In July 2007, the negotiated monthly salaries of salaried employees saw the largest increase since April 2004. As reported by the Federal Statistical Office, in July 2007, the index of negotiated monthly salaries (2000 = 100) of salaried employees in trade and financial intermediation, the industry, public (central, regional and local) authorities, transport, storage and communication in Germany was up 2.5% from the previous year.
Compared with July 2006, the index of negotiated hourly wages (2000 = 100) of wage earners in trade, the industry, public authorities, transport, storage and communication increased 3.0% in July 2007. That was the largest increase since July 1996. The industry covered mining and quarrying, manufacturing, electricity, gas and water supply as well as construction.
Also, the increase in negotiated earnings was larger than the rise in consumer prices, which were up 1.9% from July 2006 to July 2007. This was last observed for October 2006.
For more details please refer to the German Version
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E-mail: verdienste@destatis.de More articles in this category:
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Current events
Africa is bucking the economic trend experienced by many western
economies. Companies operating on the continent are now looking to
recruit US based African professionals with the skills and experience
that can help them maintain growth.
Leading African firms are offering new opportunities to US based
African professionals disillusioned by the restrictions of the ongoing
credit crunch, with the promise of new and exciting careers in growing
African economies.
Africa is bucking the economic trend experienced by many western
economies with the World Bank reporting job increases of 21% across the
continent compared to just 4% in the US and Western Europe. Sub Saharan
Africa has performed particularly well in recent years with overall GDP
growth for the region hitting 6.1% in 2007.
Oil and Gas continues to be a boom industry in countries such as
Nigeria and Angola with exports rising by 8% last year. There have also
been robust advances in the African Telecoms industry, which has
doubled in size in the last three years, while Finance and Banking has
benefited from a period of consolidation.
The challenge now facing Africa is maintaining this level of growth
with many companies now looking overseas to recruit Africans with the
international experience and skills that can help them continue the
positive strides taken in recent years.
Central to this surge in international African recruitment is Global
Career Company, whose Careers in Africa Recruitment Summits have been
helping companies recruit top international talent back into Africa for
a number of years.
This year the US market is set to be a particular hotbed of talent and
many African companies are using the Careers in Africa Recruitment
Summit to help manage their recruitment challenge and deliver a strong
and significant talent pipeline. The event, which will be held in
Houston between 21st and 23rd November is likely to be the largest
ever, hosting around 30 African companies and multinationals, including
ARM Investment Managers, Cadbury, Coca Cola Sabco, GE and Total.
Rupert Adcock, Managing Director at Global Career Company said: "Our
Careers in Africa Recruitment Summits have been helping African
companies recruit from the US for a number of years. This year though,
the market has seen the biggest swing yet; not only are there more
companies looking to recruit from the region but, due to the current
economic climate, there are significant increases in professionals
looking to move."
Indeed, with a 20% increase in candidates expected at this years event,
the appetite for a move to Africa appears to be greater than ever.
Patrick Messeng attended last years’ event and secured a job as a
System Engineer with Eskom in South Africa as a result. He commented:
"Through the event I met Eskom and the opportunity to launch my career
in a company that is trying to overcome a huge challenge in power
generation and the supply of energy to homes and businesses across
South Africa was very appealing. I have now been in South Africa for
over six months and the professional development accorded to me has
been invaluable for my future career."
For Patrick, Africa now provides the kind of opportunities
traditionally associated with the large economies of the Western World
and, as the economic slowdown in the US moves towards its third year,
many more look set to follow suite.
For details on the Careers in Africa Recruitment Summit and a full list of participating companies visit >>>>
Global Career Company is an international recruitment consultancy
specialising in high value recruitment services for the Africa, Asian
and Eastern European markets.
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